Beijing has unveiled a broad set of economic measures against the United States in response to President Donald Trump’s 10% tariffs on Chinese imports.
On Tuesday, China’s Ministry of Finance announced fresh duties, imposing a 15% tax on certain coal and liquefied natural gas imports, along with a 10% tariff on crude oil, agricultural machinery, large-displacement cars, and pickup trucks. These new tariffs will take effect on February 10.
Additionally, China’s Ministry of Commerce and customs administration introduced immediate export controls on more than two dozen metal products and related technologies. Among the restricted materials are tungsten, a crucial mineral used in industrial and defense applications, and tellurium, an element used in solar cell production.
The move signals a further escalation in trade tensions between the two economic giants.
In a bold response to U.S. President Donald Trump's sweeping tariffs, Canada has announced its own set of countermeasures. The move comes after Trump imposed heavy levies on imports from Canada, Mexico, and China, escalating global trade tensions.
$30 Billion in Tariffs Imposed on U.S. Goods by CANADA
Canadian Finance Minister Dominic LeBlanc on Sunday announced a comprehensive list of American goods subject to tariffs, marking the first phase of Canada’s response to U.S. trade policies. This move comes after U.S. President Donald Trump imposed sweeping levies on imports from Canada, Mexico, and China, escalating trade tensions.
The $30 billion tariff package targets a wide range of U.S. products, including:
✅ Fruits and vegetables
✅ Dairy products such as yogurt, milk, and cheese
✅ Coffee and tea
✅ Clothing items, including gloves, scarves, footwear, and suits
✅ Alcohol, including wine, vermouth, and beer
✅ Household essentials like toilet paper, utensils, refrigerators, and water heaters
Canada’s strong stance underscores its commitment to protecting domestic industries while sending a clear message to Washington. As the trade dispute unfolds, businesses and consumers in both countries may face economic consequences. Stay updated for further developments
The Canadian government declared that these tariffs are a necessary step to protect its economy and industries from the impact of U.S. trade policies. Experts believe this retaliation could further strain U.S.-Canada relations and disrupt North American trade.
As both nations brace for economic consequences, businesses and consumers on both sides of the border may feel the effects of this growing trade dispute. Stay tuned for more updates on this evolving trade war.
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