Home Written Update US tariffs: China raises tariffs of 34 percent to US imports

US tariffs: China raises tariffs of 34 percent to US imports

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The Chinese government has on the new US tariff reacts and in turn announced tariffs to US imports of 34 percent. These should come into force on April 10, as the customs commission of the Chinese State Council announced. US President Donald Trump occupied Chinese products with tariffs of 34 percent on Wednesday.

In addition, export controls for seven rare earths would be introduced, the Chinese Ministry of Commerce said. Among them is the gadolinium used for an MRI and the yttrium used in electrical appliances.

Trump had China Finally, the prospect of a customs discount should the government in Beijing agree to the sale of the Tikok platform. He would consider such a business, the president said to journalists on Thursday. According to his words, a sale of Tikkok has reached within reach, several investors are involved.

The stock markets reacted again to the Chinese reaction in relation to the tariffs with loss of price. The German stock index DAX is in the minus with more than four percent.

This article is updated.

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