Following US President Donald Trump's decision to impose a 34 percent tariff increase on China within the scope of reciprocal tariffs, the Chinese State Council announced that as of April 10, 34 percent additional customs duties will be imposed on goods imported from the US in addition to existing tariffs. In February, China imposed a 15 percent tariff on imports of coal and LNG products from the US and a 10 percent tariff on crude oil, agricultural machinery, and large motor vehicles. Based on the statement made by the Customs Commission of the State Council of the Ministry of Finance of China, the latest customs duties will be applied to all products manufactured in the USA. The Chinese government, which began investigating the import of CT X-Ray tubes from the US, also decided to end the import of poultry products from two US companies. The Chinese government, which announced that it filed a lawsuit opposed to the US at the World Trade Organisation due to the tariff increase, also added 11 US companies to the list of unreliable organisations. The Chinese government announced in a statement that it will impose more export controls on rare earth elements used in high-tech products such as computer chips and electric vehicle batteries, adding 27 US companies to the list of export controls and bans.
The customs duty announced by US President Donald Trump was recorded as the harshest restrictions on trade in more than 100 years. The US government has decided to impose additional tariffs on 185 countries other than China. Tariff rates vary between 10 percent and 50 percent. While imposing more taxes on countries with high deficits in bilateral trade, it will impose a 20 percent additional tax on the European Union and a 46 percent additional tax on Vietnam. European banking stocks fell sharply after China's retaliation decision. In the markets, the expectation that the European Union will also retaliate to the USA created uneasiness.
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https://www.bloomberght.com/cin-abd-mallarina-yuzde-34-tarife-uygulayacak-3745454
https://www.ntv.com.tr/ntvpara/cinden-abdye-vergi-misillemesi,OaUfy_dT8keEAHvZmyL2rg