China Imposes Additional 15% Tariffs on Some US Products... Retaliation Against Trump (Update)
10 More Companies Added to the 'Blacklist'
Additional Sanctions Imposed on Illumina
China announced on the 4th that it will impose additional tariffs of up to 15% on certain U.S. products such as chicken and cotton as part of "retaliatory tariffs" against the Trump administration, which declared a '10+10%' additional tariff measure. Illumina, a U.S. biotechnology company that was placed on the 'blacklist' during China's retaliatory tariff measures against the U.S. on the 4th of last month, also faced additional sanctions.
U.S. Bloomberg News reported on the 4th that China's Ministry of Finance announced it would impose additional tariffs of 10-15% on certain U.S. products including chicken, cotton, soybeans, beef, and fruit. This move follows the U.S. doubling tariffs on all Chinese products on the same day.
China's Ministry of Commerce announced it would include 10 U.S. defense and construction companies on the 'unreliable entities list.' Ministry of Commerce spokesperson He Yadong stated in a morning press release, "The U.S. has once again imposed an additional 10% tariff on Chinese exports to the U.S. starting from the 4th, citing issues such as fentanyl," adding, "China strongly objects and firmly opposes this, and will take countermeasures to firmly protect its rights and interests."
This retaliatory tariff measure was implemented just hours after President Trump signed an executive order raising tariffs up to 20%, criticizing the Chinese government's insufficient efforts to curb fentanyl.
Earlier, President Trump enacted a 10% tariff on Chinese goods on the 4th of last month. On the 28th of the same month, he warned that if the Chinese government did not stop the influx of fentanyl, an additional 10% tariff would be imposed.
The Chinese government also imposed additional sanctions on Illumina, which had been placed on the unreliable entities list on the 4th of last month, prohibiting the sale of gene sequencing products within China. At that time, Illumina was listed alongside fashion company PVH Group, which owns famous brands such as Tommy Hilfiger and Calvin Klein.
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Bloomberg News analyzed that China's move is a strategy to pressure the Trump administration by blocking rare earth supplies and hitting U.S. companies, while minimizing the shock to its own economy.
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