China Strikes Back With Limited Tariffs After Trump's New Levies

As Trump's tariff took effect, China imposed a 15% levy on US coal and LNG, and 10% on crude oil, farm equipment, select trucks and sedans

- Reuters

WASHINGTON: China on Tuesday imposed targeted tariffs on American imports and put several US companies, including Google, on notice for possible sanctions, in a measured response to the sweeping duties on Chinese imports imposed by President Donald Trump.

Beijing's limited counter to Trump's imposition of a 10% tariff on all Chinese imports underscored the attempt by Chinese policymakers to engage Trump in talks that could avert an outright trade war between the world's two largest economies.

Capital Economics, a UK-based research firm, estimated that China's additional tariffs would apply to about $20 billion of annual imports, compared with the $450 billion worth of Chinese goods subject to the Trump tariff that took effect at 12:01 am ET on Tuesday (0501 GMT).