HomeInternationalChina escalates trade war with tariffs on US products

China escalates trade war with tariffs on US products

Date:

Related stories

Nigerian Newspapers: Top 10 Stories to Start Your Wednesday Morning

Dollar to Naira Exchange Rate news on Daily News 24 Good...

Police uphold Durbar ban as Emir Sanusi summons district heads in Kano

The Kano State Police Command has reaffirmed the ban...

Emir Sanusi summons district heads

The Emir of Kano, Alhaji Muhammadu Sanusi II, has...

Thugs attack NSCDC office in Kano

A violent mob attacked the Nigeria Security and Civil...

Kano govt urges health checks on animals ahead of Eid-el-Kabir

As preparations for Eid-el-Kabir intensify, the Kano State Government...
spot_img

China has retaliated against the United States by imposing new tariffs on American energy, vehicles, and machinery.

This response follows President Donald Trump’s recent decision to impose tariffs on key trade partners, including China, adding a 10% tariff on top of existing duties.

READ ALSO: Trump threatens 100% tariffs on BRICS nations

The new Chinese tariffs include a 15% levy on US coal and liquefied natural gas imports, and a 10% duty on crude oil, agricultural machinery, and vehicles. Last year, China imported more than $7 billion in US energy products, but this amount is small compared to the $94 billion in energy imports it receives from Russia.

China has framed these actions as a direct response to what it calls the US’s “unilateral tariff hike,” accusing the US of violating World Trade Organization (WTO) rules and disrupting trade relations. In retaliation, China plans to file a formal complaint with the WTO.

Beyond the tariffs, China has also launched an investigation into US tech giant Google and placed several US companies, including PVH Corp. and Illumina, on its list of “unreliable entities.”

Additionally, Beijing has imposed new export controls on rare earth metals and chemicals, further escalating tensions between the two nations.

Subscribe

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here