China's Import Tariffs on US Goods Take Effect Amid Escalating Trade Tensions
Beijing's tariffs on certain American goods became effective on Monday, marking another chapter in the ongoing trade dispute between the United States and China.
This action by China follows a recent move by US President Donald Trump, who instituted a 10% tax on a wide range of imports from China, which came into effect just moments before China announced its retaliation.
On Sunday, Trump also revealed plans for imposing a 25% tariff on all steel and aluminum imports into the United States, with more details expected the following day. These tariffs are part of a broader strategy as Trump has indicated he may consider reciprocal tariffs on a range of countries, although he did not specify which nations might face these additional taxes.
In response, China's latest round of tariffs includes a 15% tax on imports of US coal and liquefied natural gas. Additionally, there is a 10% tariff imposed on several American products, including crude oil, agricultural machinery, and large-engine vehicles.
Last week, in a move that raised eyebrows, Chinese authorities also initiated an anti-monopoly investigation into Google, while US fashion brand PVH, which owns Calvin Klein and Tommy Hilfiger, found itself listed as an