China has retaliated against President Trump's recent tariffs on its imports by imposing tariffs on key American goods, including a 10% tariff on crude oil and a 15% tariff on liquefied natural gas. This response follows Trump's decision to implement a 10% tariff on all Chinese imports. China's Ministry of Finance argued that these US tariffs violate WTO rules, asserting their disruptive impact on US-China trade relations. Experts raise concerns that such tariffs will lead to increased prices for American consumers, highlighting the potential economic fallout of the ongoing trade dispute.
"China's Ministry of Finance stated that the US tariffs violate World Trade Organization rules, claiming they disrupt normal economic cooperation between China and the US."
"Experts warn that US tariffs on China may lead to increased prices for electronics and other goods, impacting American consumers significantly."
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