China’s Finance Ministry announced the imposition of 15% tariffs on coal and liquefied natural gas imports from the US, as well as 10% duties on crude oil, agricultural equipment, and certain cars.
These tariffs are set to take effect on February 10.
This move comes in response to the enforcement of a 10% US tariff on Chinese exports, which took effect on Tuesday.
President Trump had signed an executive order imposing the tariff, accusing China of failing to address the flow of illicit drugs into the US.
The Chinese Finance Ministry criticised the US for its unilateral tariff actions, accusing the US of violating World Trade Organization (WTO) rules.
“The US’s unilateral imposition of tariffs seriously violates the rules of the World Trade Organization,” China’s statement said.
“It is not only unhelpful in solving its own problems but also undermines the normal economic and trade cooperation between China and the US.”
In addition to the new tariffs, China also announced an investigation into Google for alleged antitrust violations, as per a statement from the State Administration for Market Regulation.
Unlike Mexico and Canada, which managed to negotiate a 30-day reprieve from 25% US tariffs after reaching separate agreements with President Donald Trump, China’s response has been immediate and retaliatory.
This is a developing story.
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