China imposes tariffs on US imports including crude oil, agricultural machinery
CNN
Beijing announced tariffs on Tuesday on some American imports including originating crude oil, agricultural machinery and liquefied natural gas in a move that coincides with the Trump administration’s imposition of 10% tariffs on Chinese imports into the United States.
Beijing announced tariffs on Tuesday on some American imports including crude oil, agricultural machinery and liquefied natural gas, in retaliation for the Trump administration’s imposition of 10% tariffs on Chinese imports into the United States. The measures, announced by China’s Ministry of Finance, levy a 15% duty on certain types of coal and liquefied natural gas and a 10% tariff on crude oil, agricultural machinery, large-displacement cars and pickup trucks. The measures take effective on February 10. The announcement comes as a broad-based 10% tariff on Chinese imports to the United States announced by the White House on Saturday came into effect. Beijing had slammed those tariffs in a statement Sunday and vowed to “resolutely defend its rights” by filing a complaint with the World Trade Organization and taking “corresponding countermeasures.” This is a developing story and will be updated.
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