Beijing:
China said it would slap 34 percent tariffs on all the imports of American goods from April 10 on Friday, when Washington patted the new levy on Chinese products.
“For all imported goods arising from the US, an additional tariff of 34 percent will be imposed at the top of the currently applicable tariff rate,” said the Finance Ministry of Beijing.
Beijing’s Ministry of Commerce also implemented export control to seven rare earth elements, including gadolinium – usually used in magnetic resonance imaging – and yttrium, used in consumer electronics.
The ministry said that China would file a case with the World Trade Organization (WTO) on tariffs.
US President Donald Trump ignited a potentially ruined global trade war this week and put a 10 percent levy on imports from around the world and stricken additional duties on major business partners.
Trump unveiled stinging tariffs of 34 percent of 34 percent on China, one of its largest trading partners at the top of the current Levi.
China vowed rapidly to protect its rights and interests.
(Except for the headline, the story has not been edited by NDTV employees and is published by a syndicated feed.)