China announced on Tuesday that it will impose new tariffs on certain goods imported from the United States, as trade tensions between the two economic giants continue to rise.
According to the Customs Tariff Commission of the State Council, a 15 percent tariff will be applied to U.S. coal and liquefied natural gas (LNG). Additionally, a 10 percent tariff will affect imports of oil, agricultural machinery, large-displacement vehicles, and pickup trucks. These measures will take effect on February 10.
This action is seen as a direct response to U.S. President Donald Trump’s executive order signed on Saturday, which implemented a 10 percent tariff hike on imports from China, effective Tuesday.
Meanwhile, President Trump suspended his planned 25 percent tariffs on imports from Mexico and Canada at the last moment on Monday, opting instead for a 30-day delay.
China’s notice emphasized that the United States’ unilateral imposition of tariffs seriously violates World Trade Organization (WTO) rules. The notice warned that such measures are ineffective in addressing U.S. economic concerns and instead disrupt normal trade and economic cooperation between the two countries.
The escalation in tariffs between the world’s two largest economies has raised concerns globally, with many worried about the potential impacts on international trade and economic stability.
