SEAToday.com, Beijing - China has officially imposed an additional 15 percent tariff on imports of coal and liquefied natural gas (LNG) from the United States starting Monday (2/10), according to a report by Sputnik News Agency.
Additionally, several other US products will also be subject to a 10 percent import duty.
Previously, the Chinese government announced that the additional tariffs would take effect on February 10, targeting various US imports, including coal, LNG, crude oil, agricultural machinery, large vehicles, and pickup trucks.
This move comes in response to the latest policy decisions by the United States. Earlier, US President Donald Trump signed an executive order imposing import tariffs on products from Canada, Mexico, and China.
The US has already implemented an additional 10 percent tariff on Chinese goods, on top of existing tariffs. The decision also revoked the previous de minimis rule, which had exempted goods valued at less than $800 from US import duties.
Bai Ming, Deputy Director of the International Institute for Marketing Research at China's Ministry of Commerce, stated that a new phase of the trade war between the world’s two largest economies has begun.
According to Bai, China’s countermeasures are designed to precisely target key US sectors while minimizing the impact on its domestic economy.
Meanwhile, China’s Ministry of Foreign Affairs has reiterated that no one truly wins in a trade war
