China retaliates with tariffs, Google probe after Trump’s levies

Xi Jinping by SBTL1 is licensed under n/a

China has retaliated against President Donald Trump's tariffs by implementing some of its own, renewing a trade war between the world's top two economies.

The measures, announced by China's Finance Ministry, levy a 15 percent duty on certain types of coal and liquefied natural gas and a 10 percent tariff on crude oil, agricultural machinery, large-displacement cars and pickup trucks.

Separately, China's Commerce Ministry and its Customs Administration said the country is imposing export controls on tungsten, tellurium, ruthenium, molybdenum and ruthenium-related items to safeguard national security interests.

China will further probe Google for alleged anti-trust violations, according to a statement from the State Administration for Market Regulation, though the specifics of the probe remain unclear. 

The tariffs would go into effect next Monday, but were announced the same day Trump implemented his 10 percent tariffs on all Chinese imports to the United States. 

The move came as President Trump secured border protection agreements from both Canada and Mexico following a whirlwind day that began with a cratering stock market and the threat of a trade war. 

Xi Jinping by SBTL1 is licensed under n/a

Get latest news delivered daily!

We will send you breaking news right to your inbox

Recent Articles

image
image
image
image