China Imposes Retaliatory Tariffs Against America: An Overview in 12 Words.

China announced a retaliatory tariff of 10% on coal and liquefied natural gas imports from the United States, while imposing a 15% tariff on certain liquid chemicals. This move comes in response to the U.S. increasing tariffs on Chinese goods. Additionally, Beijing also declared a 10% tariff on U.S. crude oil, agricultural machinery, large-scale transportation vehicles, and pickup trucks.

The new measures announced by Beijing have caused a reaction in Washington, with President Donald Trump taking steps against major trading partners like Canada and Mexico. This escalation in trade tensions has raised concerns about the impact on global trade and economic cooperation between China and the United States.

Ramesh Khatri, a representative of Kansai Nepal News, expressed his opinion on the matter. He stated that the ongoing trade dispute between the U.S. and China, as well as other countries, could have significant implications for the global economy. Khatri emphasized the need for diplomatic solutions to prevent further disruptions in international trade.

In the midst of these trade tensions, the Asian stock markets experienced a halt in tariff increases, with hopes that negotiations could lead to a reduction in trade barriers. However, the announcements of retaliatory measures by both China and the U.S. have led to uncertainties among traders and businesses.

Regarding the recent developments, Khatri noted that the trade war is not just about tariffs but also about the broader issue of global economic stability. He highlighted the importance of finding common ground and resolving disputes through dialogue and negotiation to avoid long-term negative consequences for all parties involved.


Author: MAYA | HARUTO
Posted at: February 4, 2025 7:01 pm