Today: February 4, 2025
February 4, 2025
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China counterattacks and announces tariffs on oil, gas and coal imported from the US.

China counterattacks and announces tariffs on oil, gas and coal imported from the US.

The Chinese commercial measure is a response to the “unilateral increase in tariffs” by the United States, Beijing said.

China announced on Tuesday 15% tariffs on the importation of American coal and natural gas, in response to additional 10% rates imposed by Washington on Chinese products.

The Chinese Ministry of Finance also announced additional 10% tariffs on the importation of oil, agricultural machinery, trucks and vehicles with long displacement engines from the United States.

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Chinese commercial measure It is an answer to the “unilateral increase in tariffs” by the United StatesBeijing said.

Such an increase, according to the Chinese government, “Seriously violates the rules of the World Trade Organization.”

The new Chinese tariffs will take effect next Mondaysaid the Ministry of Finance.

US President Donald Trump announced Saturday Additional 25% tariffs on imports from Mexico and Canada, and 10% on those of China.

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But the measures against Mexico and Canada were postponed for a month after a negotiation with Trump.

The Republican tycoon said that commercial measures seek to punish these three countries for not containing the illegal flow of migrants and drugs to the US territory.

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