China has imposed fresh tariffs on U. imports in a swift response to new duties announced by President Donald Trump, reigniting a trade war between the world’s two largest economies.
Beijing’s Finance Ministry announced on Tuesday that it would impose a 15% levy on U.S. liquefied natural gas (LNG) and coal, along with a 10% tariff on crude oil, farm equipment, and certain automobiles. The new tariffs will take effect on 10 February.
This came just hours after the U.S. enforced a 10% duty on all Chinese imports, a measure Trump justified by accusing Beijing of failing to curb the flow of illicit drugs into the United States.
In addition to tariffs, China launched an anti-monopoly probe into Alphabet Inc.’s Google and placed companies such as PVH Corp and US biotech firm Illumina on its “unreliable entities list.”
The government also imposed export controls on rare earth metals, which are crucial for global energy and technology industries.
