China will impose a 34% tariff on all U.S. imports starting April 10, matching the U.S. tariff on Chinese exports.
This move is a retaliation to U.S. President Trump's "Liberation Day" tariffs.
China will also tighten export controls on rare earth elements, crucial for tech products like chips and EV batteries.
Specific elements affected include samarium (used in aerospace and defense) and gadolinium (used in MRI scans).
Trump criticized China, claiming they panicked over the tariffs.
China suspended chicken imports from some U.S. suppliers due to banned drugs, mold, and salmonella in shipments.
27 companies were added to China's trade sanction lists, including defense and logistics firms.
Among these, 16 companies face a ban on exporting "dual-use" goods.
China filed a lawsuit with the World Trade Organization (WTO), claiming U.S. tariffs violate WTO rules and harm global trade stability.
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