INSUBCONTINENT EXCLUSIVE:
China on Friday revealed a variety of countermeasures versus the reciprocal tariffs imposed by United States President Donald Trump,
including additional tariffs of 34 percent on all United States products and curbs on the export of some rare earths.The United States
stock market took a pounding on Friday after Chinas statement
The Dow Jones Industrial Average dropped more than 1,000 points lower in early trading on Friday, and the S-P 500 was down 2.8 percent,
coming off its worst day because 2020.- Customs Tariff Commission: extra 34% tariffsThe Customs Tariff Commission of the State Council on
Friday announced China will impose extra tariffs of 34 percent on all products imported from the United States, beginning with April 10
Learn more: China to enforce extra 34% tariffs on all United States products from April 10- Commerce Ministry: claim, export curbs, dual
probesThe Chinese Commerce Ministry revealed Friday that China had filed a suit with the World Trade Organization (WTO) over the issue.Read
more: China files suit with WTO following United States slapping of reciprocal tariffs on trading partnersMeanwhile, the ministry also
decided to add 11 United States companies, consisting of drone maker Skydio, to the unreliable entity list and ban the export of dual-use
items from China to 16 United States entities, consisting of High Point Aerotechnologies.Read more: China adds 11 United States companies
to undependable entity listChina bans export of dual-use products to 16 United States entitiesThe ministry also stated on Friday that it
has actually launched an anti-dumping probe into certain imports of medical computed tomography (CT) tubes originating from the United
States and India, in addition to a different industrial competitiveness investigation into wider imports of medical CT tubes.Read more:
China launches anti-dumping probe into imports of medical CT tubes from United States , India: commerce ministryMoreover, Chinas Ministry of
Commerce and General Administration of Customs (GAC) on Friday collectively revealed export control measures on particular products related
to 7 kinds of medium and heavy uncommon earths.Read more: China announces export control procedures on certain unusual earth-related items-
General Administration of Customs: import credentials suspendedThe GAC on Friday suspended the import qualifications for items of six United
States business due to examination and quarantine concerns with their goods.Read more: China suspends import credentials for products of 6
