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Tit-for-tat: China imposes 15% tariff on US coal, LNG and 10% on crude oil
Credit: IndiaTimes- Published on February 4, 2025
China imposed tariffs on US coal, LNG, oil, and vehicles in response to Trump's tariffs on Chinese goods, escalating the trade war. Tensions with Canada and Mexico initially eased, but a political crisis erupted in Canada, forcing Prime Minister Trudeau's resignation and early elections. Trump's tariff strategy remains...
Video credit: Oneindia
Published on February 4, 2025 - 03:09
China Strikes Back: Imposes 15-25% Tariffs on US Imports in Retaliation Against Trump’s Trade War
China has announced tariffs ranging from 15% to 25% on US imports, including coal, LNG, and crude oil, in response to Donald Trump’s trade measures. The Chinese Ministry of Commerce condemned the US's unilateral tariff hike, calling it a violation of WTO rules. Meanwhile, China’s market regulators have launched an antitrust investigation into Google, adding further tension. As Trump's 10% tariff takes effect, Beijing warns of additional countermeasures, emphasizing that no one wins in a trade war. The standoff escalates global economic uncertainty amid diplomatic strains.
#China #Trump #TradeWar #Tariffs #USChinaRelations #EconomicTensions #Imports #Exports #WTO #GlobalTrade #DonaldTrump #XiJinping #USPolitics #ChinaEconomy #Sanctions #BusinessNews #BreakingNews #USImports #OilPrices #TradeConflict #Peripheral
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