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China retaliates with tariffs on U.S. goods in response to 10% U.S. tariff


China retaliated against the United States immediately as a 10% U.S. tariff on all Chinese goods went into effect. China announced its own levies ranging from 10% to 15% on certain U.S. products, including coal, natural gas, crude oil, agricultural machinery, and automobiles. The Chinese tariffs came shortly after the U.S. measures went into effect, causing concerns of an escalating trade war between the two largest economies in the world.

In response, Beijing also initiated an investigation into Google for antitrust violations and imposed export controls on rare earth elements used in high-tech products. Additionally, Chinese gene sequencing company Illumina and PVH Corp. were added to an “unreliable entity list,” restricting their operations in China.

While the U.S. tariffs have been criticized by China for violating World Trade Organization rules, the Chinese government has referred the matter to the WTO to protect its interests. The new tariffs imposed are seen as a targeted response compared to the U.S. tariff, with some potentially having a more significant impact on specific industries.

The escalation of trade tensions between the U.S. and China comes amidst efforts to address issues related to precursor chemicals for fentanyl production. China has urged the U.S. to reduce domestic demand for fentanyl rather than rely on tariffs. President Trump has indicated the possibility of further substantial tariffs if a deal with China is not reached. The situation remains fluid, with talks expected between Trump and Chinese President Xi Jinping.

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