Global Markets Reel as China Escalates Trade Conflict with Sweeping Tariffs, Export Controls

China imposed a 34% tariff on all U.S. imports starting April 10, retaliating against President Donald Trump’s earlier levies and deepening a trade conflict rattling global markets. The measures, announced Friday by Beijing’s Finance Ministry, escalate existing U.S. tariffs on Chinese goods to 54% and target rare earth exports critical for semiconductors and electric vehicles. […]

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