China Strikes Back: New Tariffs Up To 15% On Certain US Imports In Retaliation For Trump's 10% Levy On Chinese Goods

In response to the United States’ unilateral decision to impose a 10% tariff on all Chinese goods, China has announced its intention to retaliate by imposing tariffs on certain US imports.

What Happened: The State Council Customs Tariff Commission announced on Tuesday that it will be imposing tariffs on certain US imports, effective from Feb. 10. The decision comes in response to the U.S. government’s decision to levy a 10% tariff on all Chinese goods.

According to the announcement, the tariffs will be as follows:

1. A 15% tariff on coal and liquefied natural gas (LNG).

2. A 10% tariff on crude oil, agricultural machinery, high-displacement vehicles, and pickup trucks.

3. Additional tariffs will be imposed on the listed U.S. imports, on top of the existing rates. The current tax exemption and reduction policies will remain ...

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