China responds to Trump and imposes 34% tariffs on US imports.

Barcelona / MadridChina will impose 34% tariffs on US imports starting April 10, in one week. Xi Jinping's government announced this Friday after Trump also imposed 34% tariffs on Chinese products on Wednesday. The tariffs are part of a package of measures deployed by Beijing to counter the Republican president's tariff policy. In addition to imposing a 34% tax on imports of products from the United States, China is also imposing sanctions on a dozen American companies and restricting the export of some rare earths to that country.

This latest ban is of significant importance. China exports a wide range of rare earth materials to the United States, which are used in electronic components, the aerospace industry, and other sectors, all of which are of great importance to the American economy. It should be remembered that behind the expansionist desire to control Greenland, and also Kiev's imposition of a peace plan for Ukraine, lies Washington's desire to obtain untapped reserves of materials that are essential to the current economy. The restriction approved this Friday adds to the ban, in force since February, on the export of five rare earths, a measure already imposed in response to the first tariffs announced by the Trump administration against the Asian giant. In total, Beijing prohibits the export of twelve materials to the United States. China is the world's main supplier of the seventeen elements known as rare earths. essential for a growing number of industries.

Since Donald Trump returned to the White House on January 20, the US president has threatened to impose tariffs on foreign imports, threats that have finally materialized into a full-blown declaration of trade war on the world. This Thursday, even announced rates on uninhabited islands with no economic activity.

"Untrustworthy" companies

As for the US companies that Xi Jinping's government has banned from working with China, there are a total of sixteen, including High Point Aerotechnologies, Sierra Nevada Corporation, and Universal Logistic Holdings. Most of these companies operate in the aerospace, defense, and technology sectors. Other companies are involved in logistics, energy, and consulting. According to Beijing, these companies "may endanger China's security and national interests." In addition to these sixteen, eleven have been added to China's list of "unreliable entities," arguing that they collaborate militarily with Taiwan, which, according to Beijing, "significantly harms the Asian giant's national sovereignty, security, and development interests." However, the Chinese government has also filed a complaint against the US measures before the World Trade Organization's (WTO) dispute settlement mechanism.