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China announced more tariffs on American goods in response to Donald Trump’s tariffs.
This would impose another 34% on American goods.
China announced a raft of additional tariffs and restrictions against American goods on Friday, in retaliation of the sweeping tariffs imposed by the United States.
Beijing said that from April 10, it would impose additional tariffs of 34 percent on all American products.
The Chinese Communist Party (CCP) also unveiled controls on exports of medium and heavy rare-earths, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium to the United States, effective from Friday.
Trump sent a message to China after the retaliation.
Trump said that China “panicked” and that this was “the one thing they cannot afford to do!”
CHINA PLAYED IT WRONG, THEY PANICKED – THE ONE THING THEY CANNOT AFFORD TO DO!
Trump is not backing down.