China Hits US with Tariffs, Escalating Trade Tensions.
China has announced new tariffs on US goods. The tariffs range from 10% to 15%. They will start on February 10.
This is in response to recent US tariffs on Chinese products. The US cited concerns over China's control of fentanyl.
China's Finance Ministry said it will tax US coal and LNG at 15%. Crude oil, farm equipment, and some cars will face a 10% levy.
China has also launched export controls on key minerals. It has opened an antitrust probe into Google.
China's Commerce Ministry said it would sue at the WTO. It vowed to protect its interests.
On Monday, President Trump delayed 25% tariffs on Canada and Mexico for 30 days. This eased trade war fears.
Trump said tariffs make the US a "pot of gold." He argued they are needed to curb illegal immigration and drug trafficking.
Markets welcomed the reprieve for Mexico and Canada. Both countries agreed to boost border security. Mexico will send 10,000 troops to fight migration and drugs. Canada pledged measures against crime, money laundering, and fentanyl.
China has announced new tariffs on US goods. The tariffs range from 10% to 15%. They will start on February 10.
This is in response to recent US tariffs on Chinese products. The US cited concerns over China's control of fentanyl.
China's Finance Ministry said it will tax US coal and LNG at 15%. Crude oil, farm equipment, and some cars will face a 10% levy.
China has also launched export controls on key minerals. It has opened an antitrust probe into Google.
China's Commerce Ministry said it would sue at the WTO. It vowed to protect its interests.
On Monday, President Trump delayed 25% tariffs on Canada and Mexico for 30 days. This eased trade war fears.
Trump said tariffs make the US a "pot of gold." He argued they are needed to curb illegal immigration and drug trafficking.
Markets welcomed the reprieve for Mexico and Canada. Both countries agreed to boost border security. Mexico will send 10,000 troops to fight migration and drugs. Canada pledged measures against crime, money laundering, and fentanyl.
