In the latest escalation of the ongoing trade conflict, the Chinese mainland has announced new tariffs on select goods imported from the United States. According to a notice from the Customs Tariff Commission of the State Council, a 15% tariff will now be applied to U.S. coal and liquefied natural gas (LNG), while oil, agricultural machinery, large-displacement vehicles, and pickup trucks will face a 10% tariff, effective February 10.
This move is a direct response to U.S. President Donald Trump's recent executive order, which implemented a 10% tariff hike on imports from the Chinese mainland, also taking effect on Tuesday.
Meanwhile, in a surprising twist, President Trump suspended his planned 25% tariffs on Mexico and Canada, opting instead for a 30-day pause. This decision adds a new layer of complexity to the already tense international trade landscape.
The notice from China's officials emphasized that the U.S.'s unilateral imposition of tariffs is a serious violation of World Trade Organization (WTO) rules. They warned that such measures are not effective in addressing U.S. economic concerns and are instead disrupting normal trade and economic cooperation between the two nations.
As both countries continue to navigate these trade tensions, businesses and consumers worldwide are watching closely to see how these changes will impact the global economy and international trade relations.
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China to impose tariffs on certain imported goods from the U.S.
cgtn.com
