In response to the U.S. tariffs, China has announced its own set of retaliatory measures, including a 34% tariff on U.S. goods, effective April 10. Additionally, China is exploring alternative markets and tightening controls on exports of critical materials, such as rare earth elements, which are vital to various industries. These actions signal China’s intent to leverage its position in global supply chains and counteract U.S. trade policies. The escalating tit-for-tat measures between the two largest economies have heightened fears of a full-scale trade war with far-reaching implications.