**China plans to impose new tariffs on U.S. coal, natural gas, and other imports, escalating the trade conflict initiated by President Trump's recent tariff announcement.**
**China Targets U.S. Energy Exports in Retaliation to Trump Tariffs**
**China Targets U.S. Energy Exports in Retaliation to Trump Tariffs**
**New tariffs on U.S. coal and natural gas hit hard as tensions escalate in the ongoing trade war.**
China has declared new tariffs on various U.S. imports, including coal and liquefied natural gas, in retaliation to President Donald Trump's recently imposed 10% tax on all Chinese goods. Starting Monday, these countermeasures will introduce a 15% tariff on coal and liquefied natural gas from the U.S., alongside a 10% tax affecting crude oil, agricultural machinery, and automobiles. The Chinese government has lodged a complaint with the World Trade Organization (WTO), accusing the U.S. of violating international trade standards.
Trump claims the tariffs are a response to the significant trade deficit and aim to tackle the flow of fentanyl, with some chemical precursors purportedly sourced from China. However, Beijing has dismissed this argument, stating that the fentanyl crisis is a problem America's own making. The tariffs from the U.S. took effect on Tuesday, further complicating economic relations between the two nations.
In response to these trade pressures, China has added U.S. companies including PHV Corp, which owns Calvin Klein and Tommy Hilfiger, to its "unreliable entity" list due to perceived discriminatory practices against Chinese businesses. Companies listed may face sanctions such as fines and restrictions on work visas for their foreign staff.
Furthermore, China is taking steps to control the export of 25 essential minerals crucial for electronics, such as tungsten for aerospace and tellurium for solar panels. The geopolitical climate thickens as a Chinese watchdog has initiated an antitrust investigation into Google, despite the company's long-standing absence from the search engine market in China since 2010.
The enduring trade spat has seen both nations imposing tariffs totaling hundreds of billions of dollars, negatively affecting global markets. Meanwhile, Trump's previously threatened tariffs against Mexico and Canada were suspended for 30 days following urgent negotiations aimed at improving border control and countering fentanyl trafficking. This strategy reflects a broader leverage tactic Trump employs to influence international economic interactions, although the future of these agreements remains uncertain.
Trump claims the tariffs are a response to the significant trade deficit and aim to tackle the flow of fentanyl, with some chemical precursors purportedly sourced from China. However, Beijing has dismissed this argument, stating that the fentanyl crisis is a problem America's own making. The tariffs from the U.S. took effect on Tuesday, further complicating economic relations between the two nations.
In response to these trade pressures, China has added U.S. companies including PHV Corp, which owns Calvin Klein and Tommy Hilfiger, to its "unreliable entity" list due to perceived discriminatory practices against Chinese businesses. Companies listed may face sanctions such as fines and restrictions on work visas for their foreign staff.
Furthermore, China is taking steps to control the export of 25 essential minerals crucial for electronics, such as tungsten for aerospace and tellurium for solar panels. The geopolitical climate thickens as a Chinese watchdog has initiated an antitrust investigation into Google, despite the company's long-standing absence from the search engine market in China since 2010.
The enduring trade spat has seen both nations imposing tariffs totaling hundreds of billions of dollars, negatively affecting global markets. Meanwhile, Trump's previously threatened tariffs against Mexico and Canada were suspended for 30 days following urgent negotiations aimed at improving border control and countering fentanyl trafficking. This strategy reflects a broader leverage tactic Trump employs to influence international economic interactions, although the future of these agreements remains uncertain.
