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February 5, 2025

China retaliates with new tariffs as U.S. trade tensions resurface

China has responded to the latest round of US tariffs with countermeasures, imposing new duties on American imports and launching an antitrust investigation into Google. The newly announced tariffs, ranging from 10% to 15%, will apply to US liquefied natural gas, coal, crude oil, farm equipment, and certain car imports. Additionally, China has introduced export controls on rare metals, a move seen as a strategic counterbalance to US trade policies. The measures were announced following the implementation of a 10% US tariff on Chinese goods, which President Donald Trump described as an "opening salvo." The new tariffs will take ...

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