China to impose additional 34% tariffs on all U.S. imports

(ECNS) -- Following U.S. decision to impose "reciprocal tariffs" on Chinese exports to the U.S. on Wednesday, China has decided to impose additional 34% tariffs on all products imported from the U.S. starting from April 10, the Customs Tariff Commission of the State Council announced Friday. 

The commission noted that the existing bonded policies as well as tax reduction and exemption policies will remain unchanged, while the new additional tariffs to be imposed will not be reduced or exempted. 

U.S. move of imposing "reciprocal tariffs" on Chinese exports does not conform to international trade rules, the commission said in a statement. It seriously undermines China's legitimate rights and interests, and represents a typical act of unilateral bullying, stated the statement .

It not only harms the interests of the United States itself, but also jeopardizes global economic development and the stability of industrial and supply chains, the commission added.