China imposes 15% tariffs on coal, LNG in response to Trump's tariffs
Feb 04, 2025
China is responding to tariffs imposed by the US by implementing its own tariffs on American imports. They are also investigating Google for antitrust violations. Meanwhile, the US has paused tariffs on Canada and Mexico to address border security concerns. This trade war between China and the US has been ongoing, with both countries escalating their actions. China is prepared for the impact on its economy and is taking measures to maximize the impact on the US while minimizing risks to itself.
China has announced tariffs on coal, natural gas, crude oil, and other products imported from the US. They have also imposed export controls on critical minerals essential for high-tech products. Additionally, China is investigating Google for antitrust violations. The US is bracing for further impact, with potential effects on GDP growth, inflation, and interest rates.
The Chinese government has placed American companies, including PVH Group, which owns Calvin Klein and Tommy Hilfiger, on an unreliable entities list. This list could prevent these companies from engaging in China-related activities. Overall, the response from China is seen as measured, but the world is watching for further developments in this trade war.