China has fired back in the latest trade showdown with the US, slapping tariffs on a range of American products. Starting February 10, these new duties will hit items like crude oil, agricultural machinery, and liquefied natural gas. The move comes as a direct response to the Trump administration’s recent decision to impose 10% tariffs on Chinese imports.
The Chinese Ministry of Finance announced the details, revealing a 15% duty on certain types of coal and liquefied natural gas. Crude oil, farm equipment, and larger vehicles like pickup trucks will face a 10% tariff. It’s a clear signal that Beijing isn’t backing down in this escalating trade dispute.
This tit-for-tat tariff battle has been brewing for a while, and it’s unclear how far it will go. Both countries are digging in their heels, leaving businesses and consumers caught in the middle. As tensions rise, the effects on global markets and supply chains are something to watch closely.
This is a developing story, so stay tuned for updates as more details emerge.