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Tit-for-tat tariffs retaliation from China on US energy and autos
The New Indian Express Kochi
|February 05, 2025
Trump, who earlier spoke to Trudeau, Sheinbaum, will call Xi Jinping
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HINA said on Tuesday it would impose tariffs on imports of US energy, vehicles and equipment, firing a return salvo in an escalating trade war between the world's two biggest economies.
US President Donald Trump on Saturday announced sweeping measures against major trade partners Canada and Mexico, with goods from China hit with an additional 10% tariff on top of the duties they already endure.
Minutes after they came into effect, Beijing unveiled levies of 15% on imports of coal and liquefied natural gas from the United States, while crude oil, agricultural machinery, big-engined vehicles, and pickup trucks face 10 percent duties.
This story is from the February 05, 2025 edition of The New Indian Express Kochi.
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