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#China hits back at #Trump’s #tariffs with its own levies on #US imports
China on Tues swiftly retaliated against Trump’s sweeping tariffs on Chinese imports with its own levies on US goods, which are slated to take effect Feb 10. These include a 15% tariff on US coal & liquefied natural #gas (#LNG), a slew of new export restrictions & an #antitrust investigation into #Google.
#economy #geopolitics #USpol
https://www.washingtonpost.com/world/2025/02/04/trump-china-tariffs-trade/
#Trump’s #tariffs, which slap a 10% #tariff on all Chinese goods, went into effect after the #US & #China did not strike a deal by 12:01AM Tues. China’s response further escalates #trade tensions between the world’s 2 largest economies.
China’s Ministry of #Finance announced 15% tariffs on #coal & #LNG, & 10% tariffs on crude #oil, #agricultural machinery & some #vehicles. The Ministry of #Commerce announced export restrictions on materials such as #tungsten & #sanctions on 2 US companies.