China to impose 15% tariff on imports of coal, LNG from US in response to Trump's trade moves 1
Flags of the US and China at the Diaoyutai State Guesthouse on Apr 26, 2024, in Beijing, China. (File photo: Reuters/Mark Schiefelbein/Pool)
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BEIJING: China's finance ministry on Tuesday (Feb 4) announced a package of tariffs on a range of US products in an immediate response to a 10 per cent tariff on Chinese imports announced by US President Donald Trump.
China imposed tariffs of 10 per cent on crude oil, farm equipment, large-displacement vehicles and pickup trucks, and 15 per cent on US coal and liquefied natural gas (LNG). The tariffs will take effect on Feb 10.
This move follows as US tariffs of 10 per cent on Chinese imports came into effect on Tuesday, risking a renewed trade war between the world's top two economies as Trump punishes China for not halting the flow of illicit drugs.
Beijing's commerce ministry said the levies on Chinese imports "seriously violates World Trade Organization rules".
Trump on Monday suspended his threat of 25 per cent tariffs on Mexico and Canada at the last minute, agreeing to a 30-day pause in return for concessions on border and crime enforcement with the two neighbouring countries.
But there was no such reprieve for China, with new levies coming into
