China announces counter tariffs on numerous U.S. products as U.S. levies were due to take effect
CBSN
China said Tuesday it would counter President Trump's tariffs on Chinese products with tariffs of its own on multiple U.S. imports. It also announced an antitrust investigation into Google and other trade measures aimed at the U.S.
China said it would implement a 15% tariff on coal and liquefied natural gas products as well as a 10% tariff on crude oil, agricultural machinery and large-engine cars imported from the U.S. The tariffs would take effect next Monday.
"The U.S.'s unilateral tariff increase seriously violates the rules of the World Trade Organization," the statement from a Ministry of Finance office said. "It is not only unhelpful in solving its own problems, but also damages normal economic and trade cooperation between China and the U.S."
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