G-G0GL5SH20XChina Hits Back with 34% Tariffs on All US products, Day After Trump's Tariff Order, Blocks 16 American Entities | Punjabup films

China Hits Back with 34% Tariffs on All US products, Day After Trump’s Tariff Order, Blocks 16 American Entities

Day after trump tariff order China on Friday piled on additional tariif of 34 percent on all US goods entering the country. It has raiese tensions after United States President Donald Trump announced import taxes on different countries. China is the first country to give resposne of tariifs.

While announcing its retaliatory tariffs, China’s State Council Tariff Commission said the US actions were “not in line with international trade rules, seriously undermines China’s legitimate rights and interests, and is a typical unilateral bullying practice”.

Chinese President Xi Jinping takes his oath after he is unanimously elected as President during a session of China’s National People’s Congress (NPC) at the Great Hall of the People in Beijing, Friday, March 10, 2023. Chinese leader Xi Jinping was awarded a third five-year term as president on Friday, putting him on track to stay in power for life. (AP Photo/Mark Schiefelbein)

Along this China has banned 16 US entities to and export control list and classify 11 others as “unreliable” entities.

“The purpose of the Chinese government’s implementation of export controls on relevant items in accordance with the law is to better safeguard national security and interests, and to fulfill international obligations such as non-proliferation,” the Commerce Ministry said in a statement.

Despite the growing economic clash, Trump in his Rose Garden briefing acknowledged his respect for Chinese President Xi Jinping, stating: “I have great respect for President Xi, great respect for China, but they were taking tremendous advantage of us. They understand exactly what’s happening and … they’re going to fight.”