China will charge a 34% rate on imported goods from the United States on April 10, coinciding with the duty that the Trump administration will be put in the country, announced on Friday the China Finance Ministry.
Products sent before April 10 and imported to China on May 13 will not be affected by the action, according to the Ministry of Finance. Additional rates The country has imposed on the United States in the midst of its trade war, it will not be reduced or exempt.
North -American, Aerospace, Electronic and Automobile Industries will be especially affected by the 34%rate, given its export activity in China, said Jason Miller, a management professor at the Michigan State University supply chain in Linkedin.
China has previously fulfilled duties on various agricultural products in the United States, along with some cars, equipment and energy imports in retaliation against previous Trump Administration’s actions.
The country also announced export controls on some articles related to the rare land, export controls to 16 American entities and the addition of 11 American companies to their “list of unreliable entities”.
China’s last actions take place after President Donald Trump announced 34% of reciprocal rates against the country. These functions will come into force on April 9, and Trump said that the rate was based on half a total calculated of commercial barriers such as rates and value added taxes. Other countries received their own specific functions through the same method.
The China Ministry of Finance said in its announcement on Friday that Trump’s reciprocal rates are not in line with international trade standards and to harm the country’s rights and interests.
