In response to President Trump's tariffs, China announced significant levies on U.S. energy exports, including liquefied natural gas, coal, and crude oil, enforcing tariffs of 10-15%. This move is framed as a reaction to Trump's earlier tariff hikes, marking a serious escalation in trade tensions. Additionally, China initiated an antitrust investigation into Google, aimed at harnessing leverage in upcoming trade negotiations. With ongoing discussions between President Trump and Xi Jinping, the potential for further tariff adjustments remains, particularly as negotiations with Canada and Mexico are temporarily paused.
China's sweep of tariffs includes a range of essential U.S. energy exports, representing a direct response to President Trump's initial tariffs and escalating trade tensions.
The antitrust probe into Google highlights China's willingness to leverage American tech firms as part of broader strategic trade negotiations amidst rising tensions.
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