4 Feb 2025

China Levies Retaliatory Tariffs Minutes After USA Tariffs Take Effect

by Bonnie | | 0

Minutes after 10% tariffs on Chinese goods imported into the USA took effect, China imposed 10% to 15% tariffs on specific USA goods and started n antitrust investigation into USA-based Google.

Tariffs imposed by China on USA goods are 15% on coal and liquefied natural gas. Tariffs are 10% on crude oil, pickup trucks, large vehicles and farm equipment.

China can readily source nearly all of those goods from countries other than the USA. China is the world’s main source of several materials critical for USA industries, and is imposing export controls on them.

So far two USA based companies in industries as disparate as clothing and biotechnology have been declared unreliable entities for unspecified reasons. This subjects them to restrictions and penalties.

Click here for more details.

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