Tariff War: China’s Counteraction to US Policies

Trade Battles: China’s Retaliation Against Trump

In response to President Donald Trump’s recent imposition of a 10% tariff on all Chinese goods, China has announced retaliatory measures targeting various U.S. products and companies.

Key Retaliatory Actions:

• Tariffs on U.S. Energy Imports: China will implement a 15% tariff on U.S. coal and liquefied natural gas (LNG), and a 10% tariff on crude oil.
• Tariffs on U.S. Manufactured Goods: A 10% tariff will be applied to U.S. agricultural machinery and large-engine vehicles.
• Export Controls on Critical Minerals: China has introduced export controls on essential minerals vital for high-tech industries, mirroring similar U.S. measures.
• Antitrust Investigation into Google: The State Administration for Market Regulation in China has initiated an antitrust investigation into Alphabet Inc., Google’s parent company.

These actions are set to take effect next Monday and represent China’s strategic response to the escalating trade tensions initiated by the U.S. Analysts caution that this ongoing trade conflict could have significant repercussions on global economic growth, U.S. inflation rates, and the stability of foreign investments.

For a detailed overview of China’s retaliatory measures, you can watch the following news report: