China officially retaliates against the US

On February 4, Xinhua reported that China will impose additional tariffs on certain US goods from February 10.

China imposes additional tariffs on US goods. (Source: Getty Images)

The move is in response to new tariffs imposed by the Trump administration on goods from the world's second largest economy .

China's finance ministry announced it would impose a 15% tariff on coal and liquefied natural gas (LNG) imported from the US, and a 10% tariff on crude oil, agricultural equipment and some cars.

The above tariffs will take effect from February 10.

In addition, the Ministry of Commerce and the General Administration of Customs of China also announced that the country will apply export control measures on some important minerals such as tungsten, tellurium, ruthenium, molybdenum and related products, citing reasons for protecting national interests.

Beijing also put two companies from the world's largest economy on its list of unreliable entities.

Meanwhile, China's State Administration for Market Regulation (SAMR) has opened an investigation into Alphabet, the parent company of online search engine giant Google.

Chinese regulators have confirmed that Google is suspected of violating the country's antitrust laws. However, SAMR did not provide further details about the investigation or say what specific conduct Google is accused of violating.

On February 1, President Trump signed an executive order imposing a 25% tariff on goods from Mexico, 25% on most goods from Canada and an additional 10% on all imports from China, citing the national emergency of the opioid fentanyl and illegal immigration into the United States.

On February 3, Mr. Trump decided to postpone the plan to impose a 25% tax on goods from Mexico and Canada for 30 days.

Meanwhile, a White House spokesman said the 47th President of the United States will not talk to Chinese President Xi Jinping until later this week.

The trade war between the world's two largest economies broke out in 2018 when Mr. Trump announced tariffs on $50 billion worth of Chinese goods exported to the US to prevent an imbalance in bilateral trade.

The two sides' retaliatory actions have disrupted global supply chains and caused great damage to the world economy.

Source: https://baoquocte.vn/trung-quoc-chinh-thuc-tra-dua-my-303117.html