They played it wrong, warns Donald Trump on China's reciprocal tariffs
.webp)
US President Donald Trump on Friday lashed out at Beijing, declaring that China "played it wrong" after the Asian economic giant responded to new US tariffs by imposing an additional 34 per cent duty on American products.
According to China’s finance ministry, these retaliatory tariffs will go into effect on April 10. Trump reiterated his criticism on his social media platform Truth Social: "CHINA PLAYED IT WRONG, THEY PANICKED - THE ONE THING THEY CANNOT AFFORD TO DO!"
China’s countermeasure follows the US' announcement on April 2 of a 34 per cent reciprocal tariff on Chinese goods — a key component of Trump’s “Liberation Day” initiative aimed at rebalancing trade and protecting American industries.
The additional duty is in addition to an earlier 20 per cent tariff on Chinese goods, meaning many Chinese products could face an overall rate of up to 54 per cent.
The Trump administration defended the 34 per cent rate by using a formula based on the US trade deficit with China — dividing the deficit by the total value of Chinese imports and then halving the result — to argue that this duty level is “fair” and a necessary reciprocal response to China’s alleged unfair trade practices and intellectual property theft.
In a parallel move, China is set to introduce export restrictions on several crucial medium and heavy rare-earth elements - including samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium — starting April 4. These elements are vital for high-tech manufacturing and defence applications.
Beyond the immediate economic repercussions, the 34 per cent tariff marks a significant shift in US trade policy towards aggressive, unilateral measures. While Trump’s approach aims to compel China into more favourable trade negotiations and revive US manufacturing, critics warn that such blunt instruments risk harming both economies by disrupting global supply chains, reducing US exports, and raising costs for American businesses and consumers.
Other Latest News
.webp)
Union Home Minister Amit Shah on Saturday said Naxals would not be able to stop the development of tribals in Chhattisgarh's Bastar region and urged them to lay down arms while asserting that nobody is happy when they are killed.
Addressing the closing ceremony of the state government's 'Bastar Pandum' festival, Shah reiterated that the government is committed to eliminating the Naxal menace by March 2026, adding that those who surrender will become part of the mainstream while the rest will be taken on by security forces.
.webp)
Tata Group’s financial services arm, Tata Capital, has submitted a confidential pre-filing for its initial public offering (IPO) with the Securities and Exchange Board of India (Sebi). The move is part of the group's strategy to list its financial arm while safeguarding sensitive business information, Moneycontrol reported on Friday citing sources.
.webp)
West Bengal Leader of Opposition Suvendu Adhikari has alleged that police, under Chief Minister Mamata Banerjee's rule, are preventing people from celebrating Ram Navami. He added that the Mamata Banerjee-led West Bengal government has forced them to go to the High Court and Supreme Court regarding every issue.
.webp)
Ahead of the BJP's upcoming internal polls in Tamil Nadu, state party chief K Annamalai on Friday announced that 'he is not in the race' to become the next state unit chief.
"There is no contest in Tamil Nadu BJP; we will select a leader unanimously. But I am not in the race. I am not in the BJP state leadership race," Annamalai said while speaking to reporters here today.
.webp)
China has announced a fresh 34 per cent tariff on all US goods, effective April 10, in direct retaliation to President Donald Trump’s latest wave of trade duties. The announcement, made by China’s Finance Ministry on Friday, marks a sharp escalation in the ongoing trade standoff between the world’s two largest economies.
In a parallel move, China will also impose export controls on several key medium and heavy rare-earth elements, such as samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium, starting April 4.
.webp)
.webp)
.webp)
.webp)
.webp)
