China 🇨🇳 announced a 34% tax on all imports from the USA 🇺🇸 starting April 10, while imposing export controls on 7 types of rare earth metals. This is a personal matter, as China is well aware of the importance of rare earth metals to President Trump.

This situation is beginning to resemble a repeat of the US-China trade war during the 2019–2020 period, which resulted in both sides being forced to sign a reconciliation agreement due to the unsustainable economic conditions of both nations.