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Retaliatory tariffs described as ‘political theatre’ as Beijing thought to want to avoid escalating trade warChina unveils US tariffs and Google investigationUS China tariffs – live updatesMinutes after Donald Trump’s tariffs on China came into force on Tuesday, China’s government announced its own retaliatory tariffs.The Chinese tariffs focus on a range of sectors – big tech, energy, cars, farming, and fashion – but with some specific targets. China’s finance ministry said it would impose levies of 15% for US coal and liquid natural gas and 10% for crude oil, farm equipment and large displacement vehicles and pickup trucks. Some high-profile US companies were also put under investigation or blacklisted. Continue reading…
Retaliatory tariffs described as ‘political theatre’ as Beijing thought to want to avoid escalating trade war
Minutes after Donald Trump’s tariffs on China came into force on Tuesday, China’s government announced its own retaliatory tariffs.
The Chinese tariffs focus on a range of sectors – big tech, energy, cars, farming, and fashion – but with some specific targets. China’s finance ministry said it would impose levies of 15% for US coal and liquid natural gas and 10% for crude oil, farm equipment and large displacement vehicles and pickup trucks. Some high-profile US companies were also put under investigation or blacklisted.