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China retaliates against 10% U.S. tariff by imposing its own taxes on American goods


China immediately retaliated with its own tariffs as a 10% U.S. tariff on all Chinese goods went into effect. The Chinese government announced additional tariffs ranging from 10% to 15% on products such as coal, natural gas, crude oil, and automotive machinery. The move raised concerns about a potential trade war between the two largest economies.

China also launched an investigation into Google for anti-trust violations and imposed export controls on critical high-tech components. Additionally, it restricted the operations of Illumina and PVH Corp. in China. Beijing referred the U.S. tariff measures to the World Trade Organization, criticizing them as unilateral and protectionist.

While many Chinese products already face U.S. tariffs, Beijing’s retaliatory tariffs are more targeted. For example, while the U.S. imports a significant amount of tungsten from China, Google has limited operations in the country. However, China warned that the tariffs could disrupt global supply chains and industrial stability.

The U.S. tariff was announced along with tariffs on goods from Canada and Mexico, citing border security and drug flow concerns. China urged the U.S. to address domestic demand for drugs like fentanyl as a solution to the crisis. There are concerns that failure to negotiate a deal with China could lead to more significant tariffs in the future.

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