China officially retaliates against the US.

On February 4th, THX reported, citing an announcement from the Tariff Commission of the State Council of China, that the country will impose additional tariffs on certain US goods starting February 10th.

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

This move is in response to the new tariffs imposed by the administration of US President Donald Trump on goods from the world's second-largest economy .

China's Ministry of Finance announced it will impose a 15% tariff on coal and liquefied natural gas (LNG) imports from the United States, as well as a 10% tariff on crude oil, agricultural equipment, and certain types of automobiles.

These tariffs will take effect from February 10th.

In addition, China's Ministry of Commerce and General Administration of Customs announced that the country will implement export controls on several key minerals such as tungsten, tellurium, ruthenium, molybdenum, and related products, citing the need to protect national interests.

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

Meanwhile, China's State Administration for Market Regulation (SAMR) has launched 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 specify the exact violations Google is accused of.

On February 1st, 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 need to address the national emergency regarding the addictive painkiller fentanyl and illegal immigration into the United States.

On February 3rd, Mr. Trump decided to postpone the planned 25% tariff on goods from Mexico and Canada for 30 days.

Meanwhile, a White House spokesperson said that the 47th President of the United States would not hold talks with Chinese President Xi Jinping until later this week.

The trade war between the world's two largest economies erupted in 2018 when Trump announced tariffs on $50 billion worth of Chinese goods exported to the US to curb the imbalance in the bilateral trade balance.

The retaliatory actions of both sides have disrupted global supply chains and inflicted significant damage on the world economy.

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