In response to President Trump’s tariffs, China has retaliated by imposing 34% tariffs on US imports and imposing restrictions on American companies. China has announced that it will blacklist 11 American firms, limit exports of rare earth elements, and stop certain agricultural imports. This move is seen as China’s attempt to demonstrate its determination in the ongoing trade war with the United States by mirroring American tariffs without any exemptions. The escalation of trade tensions between the two countries is expected to have significant implications for global trade and the economy. Analysts are closely monitoring the situation as both countries continue to engage in tit-for-tat measures that could impact various industries and markets. The latest developments in the trade war have sparked concerns among businesses and investors worldwide, with many bracing for further disruptions and uncertainties in the international trade landscape. Stay updated for more news and insights on the evolving trade conflict between the world’s two largest economies.