China Imposes New Tariffs of Up to 15 Percent on US Goods, Trade War Heats Up
![China Imposes New Tariffs of Up to 15 Percent on US Goods, Trade War Heats Up](https://business.seatoday.com/images/20250210083358_original_24.webp )
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
Recommended Article
Indonesia Invesment
President Prabowo Secures IDR 294 Trillion in Foreign Investments...
From his visit over the past two weeks, President Prabowo received investment commitments worth a total of US$18.57 billion or around Rp294.80 trillion (assuming an exchange rate of Rp15,880.00 per US dollar).
Indonesia-Malaysia Investment Forum 2024: Strengthening Strategic...
Indonesia - Malaysia Investment Forum 2024: Strengthening Strategic Partnerships for Investment Opportunities
President Prabowo Oversees $10.07 Billion Deal Between Indonesian...
resident Prabowo Subianto attended the signing of a memorandum of understanding (MoU) between Indonesian and Chinese companies, totaling $10.07 billion.
President Joko Widodo: Indonesia Has Potential to Become New Asia...
President Joko "Jokowi" Widodo said that Indonesia has the potential to become one of the new economic powers in Asia, along with India and China.
Popular Post
Top 10 SOEs on 2024 Fortune Southeast Asia 500, Telkom Indonesia...
A total of 20 state-owned enterprises (SOEs) are listed in the Fortune Southeast Asia 500 2024. Indonesia’s largest telecommunications company Telkom Indonesia (@telkomindonesia) was also included in the top 10 list
Trade Ministry Ready to Support Freeport’s Second Smelter in Gres...
The Trade Ministry is ready to support PT Freeport Indonesia (PTFI) ahead of the operation of its second smelter in Gresik, East Java.
Minister Airlangga: VAT to Increase to 12 Pct. Starting 2025
Minister Airlangga said VAT to Increase to 12 Pct. Starting 2025