In response to the U.S. imposing new tariffs, China has announced its own tariffs on U.S. imports, reigniting the trade war. The U.S. has implemented a 10% tariff on all Chinese imports, prompting China to retaliate with varying tariffs on U.S. coal, LNG, crude oil, farm equipment, and automobiles. Additionally, China announced an anti-monopoly investigation into Google and added several U.S. companies to its 'unreliable entities list.' The trade tensions come amid negotiations for a new trade agreement, impacting millions in global trade.
China's swift implementation of tariffs on U.S. imports signals a renewed trade war, responding to the U.S. increase in duties that started on Tuesday.
The latest tariffs from China will affect approximately $20 billion in U.S. goods, highlighting the ongoing tensions and the global economic impacts of these policies.
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