China has announced a 15 percent tariff on imports of coal and LNG from the US, as a reaction to the US's 10 percent tariffs on Chinese products. Additionally, a 10 percent tariff will be applied to other US imports like crude oil and agricultural machinery. This decision was made by China's Ministry of Finance, citing violations of WTO rules by the US and emphasizing the detrimental impact on trade relations. These tariffs are set to take effect next Monday, exacerbating ongoing trade disputes initially ignited during Trump's presidency against a backdrop of broader global economic tensions.
China's newly announced 15 percent tariffs on US coal and LNG imports are a direct retaliation against Washington's own tariff increase on Chinese goods.
The Ministry of Finance criticized the US tariff actions, claiming they violate WTO rules and damage economic cooperation between the two nations.
This latest tit-for-tat tariff strategy continues the friction that has characterized US-China trade relations, with significant implications for global supply chains.
Historically, Trump's tariff policies have led to tense trade dynamics, significantly impacting Chinese imports and the balance of trade between the countries.
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