China has begun to retaliate against the US for Trump's tariffs
news.online.ua
Tue, 04 Feb 2025 12:02:58 +0200
The trade war between the US and China is gaining momentumWhat is important to understand is that an additional 10 tariff on all Chinesemade goods imported into the United States went into effect on February 3.New US President Donald Trump has complained many times that China is doing very little to block the flow of illegal drugs into the United States.Against this background, the Chinese Ministry of Finance officially announced the introduction of tariffs of 15 on American coal and liquefied natural gas LNG, as well as 10 on oil, agricultural equipment and some cars.Moreover, official Beijing has ordered the launch of an antitrust investigation against Alphabet Inc.
Google.According to journalists, PVH Corp owner of brands including Calvin Klein and the American biotechnology company Illumina have been added to Chinas list of unreliable companies.
Separately, the Ministry of Commerce and the Customs Administration of China announced the introduction of export controls on some rare earth elements and metals, which are key to the production of hightech devices and the development of clean energy.
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