China Imposes Retaliatory Tariffs on U.S. Goods Following New Trade Restrictions

In response to the United States’ latest tariff hikes on Chinese imports, China has announced countermeasures, imposing additional tariffs on key American exports, including coal, liquefied natural gas (LNG), crude oil, and automobiles. The move escalates tensions between the two economic giants, raising concerns over a potential trade war.

China’s Retaliatory Tariffs

  • 15% Tariff on U.S. coal and liquefied natural gas (LNG)
  • 10% Tariff on U.S. crude oil, agricultural machinery, and certain automobiles

These new tariffs will come into effect on February 10, 2025.

Antitrust Investigation Against Google

In addition to trade tariffs, China’s State Administration for Market Regulation has initiated an antitrust investigation into Google, further intensifying economic friction between the two nations. The investigation signals a broader strategy to challenge U.S. dominance in the global tech sector.

U.S. Tariffs and China’s Response

The U.S. had earlier imposed a 10% tariff on all Chinese imports, effective February 4, 2025, citing concerns over trade imbalances. In response, China has not only imposed counter-tariffs but has also introduced export restrictions on key metals, including tungsten, tellurium, and molybdenum, citing national security concerns.

Global Impact and Economic Ramifications

These trade restrictions are expected to have significant consequences on global markets, affecting energy prices, supply chains, and the technology sector. As both nations engage in tit-for-tat economic policies, businesses worldwide brace for potential disruptions and increased costs.

This latest escalation underscores the growing divide between the world’s two largest economies, with experts warning of long-term effects on international trade and economic stability.

Disclaimer: This article is based on publicly available information and does not claim any exclusive reporting. The content is for informational purposes only and does not constitute financial or political advice.

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