China has implemented tariffs on select American imports, including crude oil, agricultural machinery, and liquefied natural gas, in response to trade measures imposed by the U.S. government.
Reports indicate that the move is a direct retaliation against the 10% tariffs introduced by the Trump administration on Chinese goods entering the United States.
China’s Ministry of Finance announced the new tariffs on Tuesday, outlining a 15% duty on certain types of coal and liquefied natural gas, along with a 10% tariff on crude oil, agricultural machinery, large-displacement vehicles, and pickup trucks.
The Chinese government stated that these measures would take effect on February 10.
Meanwhile, the U.S. tariffs imposed under President Trump took effect on Saturday. In response, Beijing condemned the tariffs in a statement on Sunday, vowing to defend its interests by filing a complaint with the World Trade Organization and implementing countermeasures.