China on Friday revealed a multitude of extra tariffs and restrictions versus U.S.
goods as a countermeasure to sweeping tariffs imposed by U.S.
President Donald Trump.The Finance Ministry stated it would impose extra tariffs of 34% on all U.S.
items from April 10.
Beijing likewise announced controls on exports of medium and heavy rare-earths, consisting of samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium to the United States, efficient April 4.
The purpose of the Chinese governments implementation of export controls on pertinent products in accordance with the law is to much better secure national security and interests, and to fulfill international responsibilities such as non-proliferation, the Commerce Ministry said in a statement.It likewise added 11 entities to the undependable entity list, which permits Beijing to take punitive actions against foreign entities.Source: Reuters-- Agencies