China responds to U.S. tariffs on goods from Mexico and Canada with its own tariffs on American products. Tensions rise as global trade concerns escalate.
Beijing retaliated against the U.S. by imposing tariffs of 10% to 15% on a range of American products, including coal, liquefied natural gas, crude oil, pickup trucks, and agricultural machinery. The tariffs took effect shortly after the U.S. tariffs on goods from Mexico and Canada came into force. China stated that these U.S. tariffs violate World Trade Organization rules and harm normal economic and trade cooperation between the two nations.
The Chinese government announced a 15% tariff on coal and liquefied natural gas, and a 10% tariff on crude oil, agricultural machinery, large-displacement automobiles, and pickup trucks, starting February 10th. This move came just minutes after the U.S. tariffs, the only ones to be implemented despite a threat of similar tariffs on goods from China, took effect. While the U.S. reached an agreement with Mexico and Canada to delay a 25% tariff on all imports from those countries for one month, no such deal was reached with China. The Chinese government also announced an investigation into Google for alleged anti-trust violations and export controls on items related to tungsten and other rare earth elements. This escalation of trade tensions raises concerns about a potential trade war between the world's two largest economies. China emphasized that the U.S. actions severely undermine the rules-based multilateral trading system and disrupt global industrial and supply chains. Despite the U.S. blocking the appointments of appellate judges to the World Trade Organization, leaving it unable to effectively mediate international trade disputes, China could still leverage a WTO lawsuit to gather international support against the U.S. tariffs
CHINA TARIFFS UNITED STATES TRADE WAR WTO
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