China has announced a sweeping 34% tariff on all U.S. imports, set to take effect on April 10, 2025, in direct response to President Donald Trump’s aggressive trade policies. This marks a major escalation in the ongoing trade war between the world’s two largest economies.
Beijing’s retaliatory measures come after Washington imposed steep tariffs on global imports, with China being hit hardest. In addition to the tariffs, China has tightened export controls on rare earth minerals—crucial components for high-tech industries—potentially disrupting supply chains worldwide.
The economic fallout has been swift, with global stock markets tumbling and businesses scrambling to assess the impact. U.S. exporters, particularly in agriculture and technology, are expected to bear the brunt of China’s response. Meanwhile, financial analysts warn that this deepening trade conflict could push the global economy closer to recession.
As tensions rise, other major economies, including the European Union and the United Kingdom, are considering countermeasures of their own, wary of collateral damage from the U.S.-China standoff.
