China has just announced retaliatory tariffs against the U.S.
Beginning April 10th, China will impose a 34 percent tariff on all U.S. goods, the same amount as President Trump’s reciprocal tariffs announced this week. Effective immediately, China will enact export controls on a number of materials used to make semiconductors. Export controls are used to restrict the release of certain items to outside nations.
The Associated Press also reports China has suspended imports of chicken from two U.S. plants, Moultaire Farms and Coastal Processing. China claims it has repeatedly detected a drug in the chicken that is banned in their country.
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