<ul><li>China announces a 34% tariff on US imports in response to reciprocal tariffs announced by Donald Trump.</li><li>The true tariff rate imposed by the US on China is 54%, when considering the existing 20% tariff.</li><li>China adds 11 American companies to its 'unreliable entity list' and places export controls on 16 American companies.</li><li>China's retaliation includes export controls on seven types of rare-earth minerals to the US.</li></ul>

China retaliates against reciprocal tariffs announced by Donald Trump with its own 34% tariff on US imports

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