China’s tit-for-tat import taxes on some American goods are set to come into effect on Monday as the trade war between the world’s two biggest economies escalates and US President Donald Trump threatens to hit more countries with tariffs.
Beijing announced the plan on 4 February, minutes after new US levies of 10% on all Chinese products came into effect.
From 10 February, China will charge a 15% border tax on imports of US coal and liquefied natural gas products. There is also a 10% tariff on American crude oil, agricultural machinery, and large-engine cars.
Trump has also been planning “reciprocal tariffs” on other nations in the coming days. He did not say which countries could be targeted but suggested it would be a broad effort.
The president of the United States said he planned to impose retaliatory tariffs as early as “next week.”
He also plans to impose restrictions on imports to solve US budget problems.
Washington accuses Beijing of unfair trade practices and intellectual property theft.
After the latest tariffs came into effect, Beijing complained to the WTO and accused the US of discriminatory and protectionist measures.
From next week, China will levy 10% tariffs on most American goods imports, including automotive, agricultural equipment, and food.
China said the US will need to consider its own industry if it fails to negotiate terms of trade rules.
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