China Announces Retaliatory Measures in Response to Trump’s Tariffs.


The People’s Republic of China is imposing retaliatory trade measures and restrictions after U.S. President Donald J. Trump imposed a new 10 percent tariff on goods imported from the communist country. Beijing announced on Tuesday that it has instituted tariffs on the importation of American coal, crude oil, farming equipment, trucks, and sedans. The Chinese tariff on coal is set at 15 percent, and the tariff on crude oil is 10 percent.

Initially, Canada and Mexico were also set to have tariffs imposed on their exports to the United States. However, both countries made eleventh-hour overtures to increase their cooperation with American border security and anti-drug trafficking efforts, leading President Trump to pause the imposition of tariffs on both.

While China’s autocratic President Xi Jinping and Trump were expected to discuss the tariffs and measures China needs to take to curb the export of fentanyl precursors to Mexican drug cartels on Tuesday, the call was abruptly canceled after the Asian nation announced its retaliatory response. Additionally, China is moving to initiate an antitrust investigation into the technology giant Google—a move considered part of the Chinese retaliation.

International trade experts note that the Chinese response was more measured than their actions when Trump imposed trade tariffs on the communist country during his first term. China’s newest move only impacts about $14 billion in American goods, far less than the Chinese goods affected by Trump’s tariffs.

During the prior trade fight, China moved to meet the U.S.-imposed tariffs point for point and suffered economic blowback.

The tariffs imposed by President Trump during his first term accelerated the American economy’s decoupling from its reliance on Chinese imports.

The post China Announces Retaliatory Measures in Response to Trump’s Tariffs. appeared first on The National Pulse.


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