China will levy a 34% tariff on imported goods originating from the U.S. on April 10, matching the duty the Trump administration will place on the country, China's Ministry of Finance announced Friday.
Products shipped before April 10 and imported into China by May 13 will not be affected by the action, per the Finance Ministry. Additional tariffs the country has imposed on the U.S. amid their trade war will not be reduced or exempted.
The U.S. agriculture, aerospace, electronics and auto industries will be especially impacted by the 34% tariff given their export activity to China, said Jason Miller, a professor of supply chain management at Michigan State University, on LinkedIn.
China has previously rolled out duties on various U.S. agricultural products, along with some car, equipment and energy imports in retaliation against previous Trump administration tariff actions.
The country also announced export controls on some rare earth-related items, export controls on 16 U.S. entities and the addition of 11 U.S. companies on its "Unreliable Entity List."
China's latest actions come after President Donald Trump announced 34% reciprocal tariffs against the country. Those duties will go into effect April 9, with Trump saying the rate was based on half of a calculated total of trade barriers such as tariffs and value-added taxes. Other countries received their own specific duties using the same method.
China's Finance Ministry said in its announcement Friday that Trump's reciprocal tariffs aren't in line with international trade rules and undermine the country's rights and interests.
