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China counters Trump by imposing tariffs

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The State Council of China will impose tariffs on U.S. energy resources starting from February 10, 2025.

Axar.az reports that citing EuroNews, China announced on Tuesday it was implementing tariffs on a number of US products, as well as launching an antitrust investigation into US company Google.The announcements came on the same day US President Donald Trump's 10% blanket tariffs on Chinese products were set to take effect.

The Chinese Ministry of Commerce (MOFCOM) said it would impose a 15% tariff on coal and liquified natural gas (LNG) products, as well as a 10% tariff on crude oil, farm equipment and large-displacement cars.

“The US’ unilateral tariff increase seriously violates the rules of the World Trade Organisation,” the ministry's statement said. “It is not only unhelpful in solving its own problems, but also damages normal economic and trade cooperation between China and the US.”

The 10% tariff that President Donald Trump ordered on China came into effect on Tuesday, though Trump said he planned to talk with Chinese President Xi Jinping in the coming days.

Date
2025.02.04 / 11:52
Author
Axar.az
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