This post was originally published on Hespress
You will shortly be re-directed to the publisher's website
China announced on Tuesday the introduction of additional tariffs on certain U.S. products, a measure that will take effect on February 10. This decision follows the 10% tariffs imposed by the United States on all Chinese products over fentanyl trafficking concerns.
The Chinese Ministry of Finance stated that the retaliatory plan includes additional tariffs of 15% on U.S. imports of coal and liquefied natural gas (LNG).
Other products will also be affected by a 10% increase, including oil, agricultural equipment, high-emission vehicles, and pickup trucks, according to the same source.
Beijing also announced a series of export controls on strategic minerals, including tungsten, tellurium, bismuth, molybdenum, and indium—materials essential for many high-tech industries.
Additionally, Chinese authorities have taken targeted measures against two American companies, PVH, a clothing company, and Illumina, a biotechnology firm, placing them on China’s list of unreliable entities.
The Chinese Ministry of Commerce justified these sanctions by accusing the companies of disrupting normal transactions with Chinese firms and adopting discriminatory measures against them, “undermining their legitimate rights and interests.”
Alongside these trade restrictions, China has launched an antitrust investigation against the American tech giant Google.
It has also announced that it has filed a complaint against the United States with the World Trade Organization (WTO).
“To defend its legitimate rights, China has filed a complaint regarding U.S. tariffs with the dispute settlement mechanism of the World Trade Organization,” the Chinese Ministry of Commerce stated in a press release.
The post China Hits Back with New Tariffs on U.S. Goods appeared first on HESPRESS English – Morocco News.