In response to the U.S. tariffs, China announced on April 4 a 34% tariff on all U.S. imports, effective April 10. This retaliatory measure aims to counteract the economic impact of the U.S. policies. Additionally, China is implementing export controls on critical rare earth materials essential to various industries, including aerospace and electronics. These actions have intensified tensions between the world’s two largest economies, with analysts expressing concerns about prolonged economic conflicts and their potential to destabilize global markets.