As Trump rolls back the tariffs imposed on Mexico and Canada, his administration's 10 percent tariff on China was pushed into effect. However, in response to this, China has announced tit-for-tat tariffs on US imports.
In an official statement from the Chinese Commerce ministry, the Xi Jinping government has said - "A 15 percent tariff will be imposed on coal and liquefied natural gas (LNG)."
The tariffs are expected to come into force by next Monday.
Starting February 10, 2025, a 15 percent tariff will be imposed on coal and liquified natural gas imports from the United States and a 10 percent higher duties on crude oil, farm equipment and select cars.
China's tit-for-tat tariffs come after it raised concern regarding Trump's imposition of tariffs on Chinese goods. China highlighted that the 10 percent tariff was a "serious violation of rules formed by the World Trade Organisation."
Furthermore, additionally, export controls will be imposed on items related to tungsten, tellurium, ruthenium, molybdenum and ruthenium.
Trump Pauses Tariffs For Canada, Mexico
Days after Trump imposed 25 percent tariffs on Mexico and Canada, the US government has now agreed to roll back the tariffs for one month.
Mexican President Claudia Sheinbaum stated on X that she had spoken with President Trump and agreed to reinforce the northern border with troops. In return, the US would limit the flow of guns into Mexico.
A similar conversation took place with Canadian Prime Minister Justin Trudeau. The Canadian leader stated he would reinforce troops at the southern border to decrease the flow of migrants and fentanyl.
