World News

The latest News Of The World

China Counters Trump’s Tariffs As Talks Remain in Limbo

Feed247:

Advertisement

SKIP ADVERTISEMENT

You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load.

China Counters Trump’s Tariffs As Talks Remain in Limbo

After a 10 percent tariff on Chinese products took effect on Tuesday, China announced retaliatory measures, including tariffs and an investigation of Google.

Listen to this article · 9:02 minLearn more
An aerial view of a massive port shows container ships lined up alongside gantry cranes.
The Yangshan Port near Shanghai. President Trump has accused China of failing to do enough to stop the export of fentanyl and the chemicals that are used to make it.Credit…The New York Times
Feb. 4, 2025
Leer en español阅读简体中文版閱讀繁體中文版

Beijing responded swiftly on Tuesday to the tariffs President Trump had promised, announcing a fusillade of countermeasures targeting American companies and imports of critical products.

Mr. Trump’s 10 percent tariff on all Chinese products went into effect at 12:01 a.m. Tuesday, the result of an executive order issued over the weekend aimed at pressuring Beijing to crack down on fentanyl shipments into the United States.

The Chinese government came back with a series of retaliatory steps, including additional tariffs on liquefied natural gas, coal, farm machinery and other products from the United States, which will take effect next Monday. It also immediately implemented restrictions on the export of certain critical minerals, many of which are used in the production of high-tech products.

In addition, Chinese market regulators said they had launched an antimonopoly investigation into Google. Google is blocked from China’s internet, but the move may disrupt the company’s dealings with Chinese companies.

Wendy Cutler, a former U.S. trade negotiator, said the various measures were a signal from China of the range of options it has to respond to Mr. Trump’s trade actions. “This menu approach is not surprising,” she said. “Beijing has been building its toolbox for some time.”

The U.S. tariffs, which Mr. Trump said on Monday were an “opening salvo,” come on top of levies that the president imposed during his first term. Many Chinese products already faced a 10 or 25 percent tariff, and the move adds a 10 percent tariff to more than $400 billion of goods that Americans purchase from China each year, particularly impacting computers and electronics, electrical equipment, and clothing.

We are having trouble retrieving the article content.

Please enable JavaScript in your browser settings.


Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.


Thank you for your patience while we verify access.

Already a subscriber? Log in.

Want all of The Times? Subscribe.

Advertisement

SKIP ADVERTISEMENT

Source: https://www.nytimes.com