China's Trade Restrictions & New 34% Tariff On All American Goods Will Hurt The American Consumer

China announced Friday that it will impose a 34% tax on all U.S. imports next week, part of a flurry of retaliatory measures to U.S. President Donald Trump’s new tariffs that delivered the strongest response yet from Beijing to the American leader’s trade war.

The tariffs taking effect Thursday match the rate that Trump this week ordered imposed on Chinese products flowing into the United States. In February and March, Trump slapped two rounds of 10% tariffs on Chinese goods, citing allegations of Beijing’s role in the fentanyl crisis.

The U.S. stock market plunged Friday following China’s retaliatory moves. They include more export controls on rare earth minerals, which are critical for various technologies, and a lawsuit at the World Trade Organization over what Trump has dubbed reciprocal tariffs.

#viralvideo #viralshorts #shorts #explorepage #democrats #power #congress #political #politicalnews #politics #police #youtube #youtubeshorts #youtuber #mtg #biden #status #msnbc #worldnews #explore #fox #america #world #republican #reels #reels #trump #transformation #truthful_speech #gaza #war #warzone #trending #newstatus #newshorts #newsupdate #news #newyork #trial #court #election #video #videoshort #newstoday #newsheadlines #cnn #pbs #youtubechannel #youtubevideos #youtubeshort #reelsinstagram #reelsfb #facebook #instagram #instagramyoutube #instagramstatus #facebookreels #twitter #twitch #twitchstreamer #twitchclips #tiktok #tiktokvideo #tiktokviral #tiktokvideos #viral #democracy #freedom #education #educational #information #influencer #info #informative #congress #freedom #foxnews #maga #shortsfeed #shortvideo #shortsviral #shortvideos #shortsyoutube #short #shortfeed #instagramshorts #inspiration #usa #usanews #usanewstoday # #unitedstates #viral_video #viral #viralshort #shortsfeed #videoshort #videoshorts #viralreelsfb #crypto #cryptocurrency #cryptotrading #cryptonews #stockmarket #stocks #business #wallstreet #finance #businessnews #bitcoin #trading #businessideas #tariff #tariffs #tariffimpact #trade #tradewar #tariffwar #china #chinese

Видео China's Trade Restrictions & New 34% Tariff On All American Goods Will Hurt The American Consumer канала UnCommon Courtesy