China has officially imposed retaliatory tariffs of 34% on ALL U.S. goods effective April 10th...

Just to clarify - this is on ALL U.S. goods imported into China.

Yes, based on the latest updates as of April 4, 2025, China’s retaliatory 34% tariffs apply to all U.S. goods imported into China, effective April 10. This broad measure was announced by China’s Finance Ministry in direct response to the U.S. imposing an additional 34% tariff on Chinese imports earlier this week. Unlike previous rounds of tariffs that targeted specific sectors or products, this move blankets the entire range of U.S. exports to China—from agricultural products like soybeans and poultry to industrial goods, consumer electronics, and beyond. The comprehensive scope underscores Beijing’s intent to match the U.S.’s escalation step-for-step in this latest trade war flare-up.

As of today, April 4, 2025, China has officially imposed retaliatory tariffs of 34% on all U.S. goods, effective April 10, in response to the U.S. implementing an additional 34% tariff on Chinese imports. This escalation follows U.S. President Donald Trump's announcement earlier this week, which raised the total U.S. tariff rate on Chinese goods to over 54%, combining the new 34% levy with pre-existing duties, including two prior 10% increases enacted since January. China’s Finance Ministry described the U.S. actions as a violation of international trade rules and a form of "unilateral bullying," asserting that these measures undermine China’s legitimate interests.

This tit-for-tat move has intensified the ongoing trade war between the world’s two largest economies, triggering significant global market reactions. U.S. stock markets saw sharp declines today, with the Dow dropping over 1,000 points (2.7%), the S&P 500 falling more than 3%, and the Nasdaq Composite losing 3.5%, pushing it toward bear market territory. European and UK stocks also declined by over 3%, marking their worst performance in years, while oil prices hit their lowest levels since the pandemic amid recession fears.

China’s retaliation goes beyond tariffs. Beijing has also imposed export controls on rare earth elements critical for high-tech manufacturing, such as samarium and gadolinium, and added 27 U.S. firms to trade sanction lists, including defense-related companies like High Point Aerotechnologies. Additionally, Chinese customs suspended imports of certain U.S. agricultural products, such as poultry from specific suppliers, citing health violations.

Analysts suggest China’s response, while aggressive, is strategically calibrated. Experts from Capital Economics note that this escalation reduces the likelihood of a near-term trade deal, with Beijing signaling confidence in its economic resilience under President Xi Jinping’s leadership. China is expected to bolster domestic stimulus to offset the trade war’s impact, maintaining its 5% growth target despite these tensions. Meanwhile, Trump has doubled down, calling China’s reaction a misstep on social media and vowing to maintain his tariff policies, framing them as a means to protect American industries and address issues like fentanyl trafficking.

Global reactions are mixed. Some U.S. allies, like Canada and Mexico, have already faced Trump’s tariffs and are preparing their own countermeasures, while the EU and UK are reportedly considering swift retaliatory actions. Economists warn that this escalating trade conflict could disrupt half a trillion dollars in U.S.-China trade, reshape global supply chains, and heighten recession risks worldwide. Markets remain volatile as investors brace for further developments. 17GEN4.com