HomeInternationalChina escalates trade war with tariffs on US products

China escalates trade war with tariffs on US products

Date:

Related stories

Gov Fintiri imposes 24-hour curfew in Adamawa

Governor Ahmadu Umaru Fintiri of Adamawa State has imposed...

Islamic leaders call for almsgiving, repentance for rainfall in Kano

The Chairman of the Kano State Council of Ulama,...

Closing Reproductive Health Impact Gaps: Nigeria Health Watch’s Strategic Push for Equity and Access

By Benjamin Joseph Nigeria Health Watch’s national policy dialogue,...

Nigerian Newspapers: Top 10 Stories to Start Your Saturday Morning

Nigerian Newspapers Summary Good morning! Here is today’s summary from...

Lawyers threaten strike over denied entitlements in Kano

Some lawyers working with the Kano State Government have...
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