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ElaKiri Talk!
China has announced retaliatory tariffs of 10-15% on certain US imports.⚡⛔
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<blockquote data-quote="Truth Hurts" data-source="post: 30521085" data-attributes="member: 477372"><p><img src="https://i.imgur.com/4M8lcgr.jpeg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>China on Tuesday announced countermeasures after higher US tariffs on Chinese goods took effect.</p><p></p><p>Beijing said it would slap tariffs of 15 percent on imports of coal and liquefied natural gas products from the US, and 10 percent on imports of crude oil, agricultural machinery, large-displacement vehicles and pickup trucks.</p><p></p><p>The move comes after 10 percent levies imposed by the Trump administration on Chinese goods took effect at 1pm Beijing time.</p><p></p><p>“The US’s unilateral tariff increase seriously violates the rules of the World Trade Organization," a Commerce Ministry statement said.</p><p></p><p>"It is not only unhelpful in solving its own problems, but also damages normal economic and trade cooperation between China and the US.”</p><p></p><p>The tariffs on US goods will come into force next Monday.</p><p></p><p>The Commerce Ministry and its Customs Administration also said China is imposing export controls on tungsten, tellurium, ruthenium, molybdenum and ruthenium-related items to "safeguard national security interests".</p><p></p><p>Meanwhile, the State Administration for Market Regulation said it would probe US tech giant Google on suspicion of violating anti-monopoly laws.</p><p></p><p>"As Google is suspected of violating the Anti-Monopoly Law of the People's Republic of China, the State Administration for Market Regulation has launched an investigation into Google in accordance with the law," the administration said in a statement.</p><p></p><p>China also added two US firms to its "unreliable entity list".</p><p></p><p><a href="https://asia.nikkei.com/Economy/Trade-war/China-hits-back-at-U.S.-with-new-tariffs-as-Trump-policy-kicks-in" target="_blank">https://asia.nikkei.com/Economy/Trade-war/China-hits-back-at-U.S.-with-new-tariffs-as-Trump-policy-kicks-in</a></p></blockquote><p></p>
[QUOTE="Truth Hurts, post: 30521085, member: 477372"] [IMG]https://i.imgur.com/4M8lcgr.jpeg[/IMG] China on Tuesday announced countermeasures after higher US tariffs on Chinese goods took effect. Beijing said it would slap tariffs of 15 percent on imports of coal and liquefied natural gas products from the US, and 10 percent on imports of crude oil, agricultural machinery, large-displacement vehicles and pickup trucks. The move comes after 10 percent levies imposed by the Trump administration on Chinese goods took effect at 1pm Beijing time. “The US’s unilateral tariff increase seriously violates the rules of the World Trade Organization," a Commerce Ministry statement said. "It is not only unhelpful in solving its own problems, but also damages normal economic and trade cooperation between China and the US.” The tariffs on US goods will come into force next Monday. The Commerce Ministry and its Customs Administration also said China is imposing export controls on tungsten, tellurium, ruthenium, molybdenum and ruthenium-related items to "safeguard national security interests". Meanwhile, the State Administration for Market Regulation said it would probe US tech giant Google on suspicion of violating anti-monopoly laws. "As Google is suspected of violating the Anti-Monopoly Law of the People's Republic of China, the State Administration for Market Regulation has launched an investigation into Google in accordance with the law," the administration said in a statement. China also added two US firms to its "unreliable entity list". [URL]https://asia.nikkei.com/Economy/Trade-war/China-hits-back-at-U.S.-with-new-tariffs-as-Trump-policy-kicks-in[/URL] [/QUOTE]
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