China “Returns The Favor” — With 34% Taxes/Tariffs; Begins Anti-Dumping Probe Of Medical CT X-Ray Tubes

Well. . . this was utterly foreseeable.

Mr. Xi has hit all US goods with an across the board 34 per cent matching tariff.

And of perhaps greater impact (to lithium supplies needed, for car batteries and computer parts) he's imposed export controls on Chinese rare earth minerals. And hit out at medical suppliers as well. Here's the rough impact of rare earth exports to the US from China last year:

. . .China's exports of rare earth minerals rose 6% in 2024, customs data showed on Monday, as sputtering economic growth limited domestic demand.

The world's largest producer of rare earths last year shipped 55,431 metric tons of 17 minerals used in the making of products ranging from electric vehicles to consumer electronics, General Administration of Customs data showed.

That was the highest volume since Reuters' records back to 2014, but the total value of the exports slumped 36% to $488.8 million, the data showed, reflecting falling prices last year amid ample supply. . . .

The penguins? They simply. . . "smiled, and waved boys". Out.

नमस्ते