In response to recent US tariffs, China has implemented its own import duties and export controls on strategic minerals.
China’s retaliatory measures follow the Trump administration’s imposition of new tariffs, reflecting its stance on competition with China as a core foreign policy objective.
Last week, President Trump announced a 10% tariff increase on all Chinese goods, citing a national emergency stemming from drug trafficking and illegal immigration as justification. This action also targeted Canada and Mexico; however, both countries have since offered border security concessions to mitigate the escalating trade dispute.
Within minutes of the new US tariffs taking effect on Tuesday, the Chinese government responded. This included increased tariffs on various American goods: 15% on coal and liquefied natural gas, and 10% on crude oil, agricultural machinery, and some vehicles.
In a statement, China’s Finance Ministry denounced President Trump’s decision, asserting that it “seriously violates World Trade Organization (WTO) rules” and “undermines normal economic and trade cooperation between China and the US.” Simultaneously, the Commerce Ministry reported filing a WTO complaint regarding the US tariffs.
Furthermore, Beijing has established an export licensing system for products containing tungsten, tellurium, bismuth, molybdenum, and indium. The Commerce Ministry stated that this measure will “safeguard national security and interests,” although without explicit mention of the US. These minerals are crucial for advanced manufacturing.