NewStats: 3,262,606 , 8,177,681 topics. Date: Tuesday, 03 June 2025 at 01:14 AM 38j

China will impose tariffs of 15 percent on imports of coal and LNG from the US in retaliation for 10 percent levies on Chinese goods.

China will impose tariffs of 15 percent on imports of coal and liquefied natural gas (LNG) from the United States in retaliation for Washington’s 10 percent levies on Chinese goods.

China’s Ministry of Finance also announced on Tuesday that there would be 10 percent tariffs on imports from the US of crude oil, agricultural machinery, large-displacement vehicles and pick-up trucks.

The new measures were in response to the “unilateral tariff hike” by the US, it said, adding that Washington’s decision “seriously violates World Trade Organization rules, does nothing to resolve its own problems, and disrupts normal economic and trade cooperation between China and the United States”.

Beijing’s tariffs, which come into force on February 10, were announced shortly after US President Donald Trump said he would hold a call with his Chinese counterpart, Xi Jinping, in the next 24 hours.

On Saturday, Trump announced sweeping measures against its top trade partners, including Canada and Mexico, with goods from China facing an additional 10 percent tariff on top of the duties they already endure.

Trump said the measures aimed to punish countries for failing to halt flows of undocumented migrants and drugs, including fentanyl, into the US.

However, on Monday, he suspended his threat of tariffs on Mexico and Canada, agreeing to a 30-day pause in return for concessions on border and crime enforcement with the neighbouring countries.

“China’s retaliatory tariffs are a calibrated response rather than an outright escalation,” Julien Chaisse, professor at City University of Hong Kong specialising in international economic law, said.

“The measures demonstrate Beijing’s willingness to impose economic costs on Washington while maintaining flexibility for negotiation.

“The choice of a February 10 start date appears strategic. It allows time for a possible discussion between Trump and Xi which is creating space for last-minute diplomacy before the measures take effect. If talks between the two take place in the coming days, there is room for adjustments, partial exemptions or reciprocal gestures that could prevent a further spiral in trade tensions.

“That said, much will depend on Washington’s interpretation of these measures. If the US views them as a calibrated step leaving room for negotiation, this could set the stage for discussions rather than further escalation. However, if Trump sees this as a direct challenge, his istration could respond with additional trade restrictions. This would intensify the conflict.”

During his first term in 2018, Trump initiated a brutal two-year trade war with China over its massive US trade surplus, with tit-for-tat tariffs on hundreds of billions of dollars worth of goods upending global supply chains and damaging the world economy.

To end that trade war, China agreed in 2020 to spend an extra $200bn a year on US goods, but the plan was derailed by the COVID pandemic and its annual trade deficit widened to $361bn, according to Chinese customs data released last month.

Trump warned he might increase tariffs on China further unless Beijing stemmed the flow of fentanyl, a deadly opioid, into the US.

China has called fentanyl a US problem and said it would challenge the tariffs at the World Trade Organization and take other countermeasures, but also left the door open for talks.

Source: https://www.aljazeera.com/amp/economy/2025/2/4/china-retaliates-with-tariffs-on-us-goods-after-trumps-move

Trump is looking for the best for America.

Great100000:


Source: https://www.aljazeera.com/amp/economy/2025/2/4/china-retaliates-with-tariffs-on-us-goods-after-trumps-move

It's interesting how most of those resources that China exports are available elsewhere, but no one wanted to invest in extracting them as the carrot of cheap Chinese labour was too much to be resisted.

If you've a strategic resource and only one country provides it, you've got a huge problem.

Tariffs harm the country imposing them just as much as the country on which they are imposed, if not more so, and only increases prices for end consumers. The irony is many US businesses have out sourced their manufacturing to China so US business will suffer.

Battleline has been drawn......

Who go win this trade war 🤔

Golan007:
Trump is looking for the best for America.

https://nairaland.unblockandhide.com/8331911/reason-why-many-fail-because

Great100000:


Source: https://www.aljazeera.com/amp/economy/2025/2/4/china-retaliates-with-tariffs-on-us-goods-after-trumps-move

TESLA oo MUSK MUST be Member of 99 adviser 0 helpers in MASK
Igi ewedu oni wo pawa oo... GL na e send message out to u all.


#no be me be GL oo abeg oo 🤣

Trump is reversing some policies

Ok

Not bad. Let the clown knows that he doesn't have monopoly of madness

In PSquare voice

Get on the dance floor
If you give it to me
I will give it you

E get as e dey do me do me

Trump give to me some more some more
E get as e dey do me do me

Xi if you give it to me
I will give it to you

You do me
I do you
Man no vex

China ain't playing at all.

Hmmmmm
Another world problems loading

Be like say nah the calamity in White House dem wan take perish USA

No one owns the world,it's the US that will FAFO .

Iphone - made in China
Android - made in China
Torch light - made in China
Tiktok - made in China
Tesla cars - made in China
Donald Trump MAGA cap - made in China

China has been proven time and time again that they don't need anybody, they can have a very good country even in isolation.

USA has not yet proved the same.

Why does he keep calling them when he is the aggressor? It's really strange

Bentacur007:
Trump is reversing some policies

Don't mind the mad man.

American Technologies made China what China is today. Like if you Agree, Share if not.

China would be the overall beneficiary of mad man policy.


I think this is period for CHINA to sur AMERICA, ECONOMICALLY,in INFLUENCE and by extension DOMINANCE, if they can successfully gain inroads to European Union.

maasoap:
Not bad. Let the clown knows that he doesn't have monopoly of madness

Tit for Tat

A

Bentacur007:
Trump is reversing some policies

i knew all dis are initial gra gra

He will calm down soon

Golan007:
Trump is looking for the best for America.

Except that he's looking at the wrong places

Elon Musk will destroy USA and run back to South Africa and Canada.

Trump na mumu sha

maasoap:


Except that he's looking at the wrong places

Let the music begin

The village idiot is here to sing

Trump wants a good deal. Negotiate with him if u can.

If America moves manufacturing to south Korea instead of China,it will shake China as they are Americas major trading partner.

Alot of country's has started renegotiating to avoid the tariffs.
It will be in the interest of both countries to calm down,but America has the upper hand for now.

YorubaYouth:
American Technologies made China what China is today.

Technology-wise, USA is lagging behind China by like 50 years now.