Washington: The United States and China are engaged in an escalating trade dispute marked by new tariffs and retaliatory actions.
Last week, the US imposed an additional 34% tariff on Chinese goods, citing China's alleged role in the fentanyl crisis, adding to previous tariff increases in February and March.
Beijing responded by implementing a reciprocal 34% tariff on US goods. Additionally, China has suspended imports of sorghum, poultry, and bonemeal from select American companies. Further retaliatory measures include increased export controls on rare earth minerals and a lawsuit filed with the World Trade Organization.