China hits back at Trump with tariffs on US goods, Google probe

4 February 2025 05:01 pm Views - {{hitsCtrl.values.hits}} 10 Bookmark

A A A

Join our WhatsApp Channel

China on Tuesday imposed targeted tariffs on American imports and put several U.S. companies, including Google, on notice for possible sanctions, in a measured response to the sweeping duties on Chinese imports imposed by President Donald Trump.

Beijing's limited counter to Trump's imposition of a 10% tariff on all Chinese imports underscored the attempt by Chinese policymakers to engage Trump in talks that could avert an outright trade war between the world's two largest economies.

Capital Economics, a U.K.-based research firm, estimated that China's additional tariffs would apply to about $20 billion of annual imports, compared with the $450 billion worth of Chinese goods subject to the Trump tariff that took effect at 12:01 a.m. ET on Tuesday (0501 GMT).

"The measures are fairly modest, at least relative to US moves, and have been calibrated to send a message to the US," Julian Evans-Pritchard, the firm's head of China Economics said in a note.

Trump on Monday suspended his threat of 25% tariffs on Mexico and Canada at the last minute, agreeing to a 30-day pause in return for concessions on border and crime enforcement.

Trump plans to speak to Chinese President Xi Jinping later in the week, a White House spokesperson said.

China's new measures, announced as the Trump tariff took effect, include a 15% levy on U.S. coal and LNG and 10% for crude oil, farm equipment and a small number of trucks as well as big-engine sedans shipped to China from the United States.

Comments - 10

Norman Tuesday, 04 February 2025 05:51 PM

I would say he is the dumbest president in the US history. US people are going to face price hike for many products.This isn't that they are unlucky, this is what they were vote for.

12 28

Raven Tuesday, 04 February 2025 09:39 PM

Yeah, we saw how "dumb" he could get when he had Canada and Mexico on all fours, pleading him to stop when they saw their respective currencies from crumbling. within a few hours.

25 12

Susil Perera Wednesday, 05 February 2025 12:00 AM

Well, that is your opinion nut not 84 million voters who want to get rid of criminals, drug dealers destroying their country. Both south and north people have slapped retaliatory tarifs but brokered a deal to enhance border security significantly.

5 4

M Fernando Wednesday, 05 February 2025 12:26 AM

You do realise that Mexico merely advertised measures they already had in place, right ? And Colombian Prez got EVERYTHING he wanted from Trump, even though US MSM reported it as a "Trump Victory" ... Now the US is terrified that BRICS will effectively castrate them - watch Little Marco Rubio's speech published just a few hours ago where he acknowledges that in 5 years, the US will lose it's ability to threaten anyone with sanctions or tariffs. As for tariffs, Wisconsians will need to eat all their cheese, drink all their milk and throw the rest away. Same for California wine ! And if Trump is not careful, Canada will turn off the taps to 61% of crude imports to the US (goodbye cheap gas!) and turn off the lights at the Trump Tower (Sorry New York... apparently you get all your electricity from Canada) Yes, it certainly seems that all these countries ARE on their knees. ! Typical Ugly American Bully attitude.

2 4

wsw Wednesday, 05 February 2025 07:21 AM

Anglocentric nations at loggerheads is not part of the Western agenda, they thrive on others tearing each other apart and then being able to preach and dictate to them.

0 2

European Tuesday, 04 February 2025 10:05 PM

The import of American goods to Europe is far more then the export from Europe to America. And by the way, the EU just implemented a very important trade contract with South America n countries. Europe is at tradewar with America, but America is at tradewar with almost the entire world. So who is the loser here?

1 3

TWO PEAS IN A POD, LET US SEE WHO ENDS UP BEING NODDY AND WHO HAS BIG EARS Tuesday, 04 February 2025 11:25 PM

WAIT AND SEE THE FUN WILL BEGIN, WHEN THESE TWO DICRATORS GO HEAD TO HEAD, AS DOUBT CHINA WILL DANCE TO DONALD DUCKS TUNE. CHINA WILL SIMPLY LOWER THEIR PRICES AND SELL THE GOOD ELSEWHERE.

1 2

KD Wednesday, 05 February 2025 01:12 AM

Trump panicked and blinked after US stock market crashed. Man is still stuck in 1800s

3 6

X Wednesday, 05 February 2025 09:13 AM

Tat for tit and complain ITO.

1 1

Abd Wednesday, 05 February 2025 10:30 AM

If some of Chinese companies,who are facing jealousy of US businessman cum politician DT, can transfer their base to SriLanka ,

0 0

222

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.