China Counters Trump with Reciprocal Tariffs and Major Export Restrictions

China's response to President Trump's recent tariff announcement is both significant and multifaceted. The Chinese government has disclosed a plan that includes a 34 percent tariff on U.S. imports, mirroring Trump's trade measures. This retaliation was confirmed by the Finance Ministry, further intensifying the ongoing trade conflict between the two nations.

Additionally, the Ministry of Commerce has identified 11 U.S. companies as “unreliable entities,” effectively prohibiting these firms from engaging in business within China or partnering with local enterprises. This move is coupled with strict restrictions on the export of rare earth elements critical for various products, ranging from electric vehicles to advanced military technology. Furthermore, China's customs authority has announced a halt on chicken imports from select American agricultural producers.

The actions taken by Chinese authorities illustrate a strong resolve in their commitment to contesting Trump's tariffs, indicating a continued escalation in trade tensions that could have profound implications for both economies.

Chris Lee contributed reporting from Shanghai.

Keith Bradsher is noted for his extensive experience as the Beijing bureau chief, with a history of covering major events in mainland China. More on this evolving story will be provided as developments unfold.