China Threatens Retaliation Against New U.S. Tariffs Amidst U.K. Trade Deal Negotiations with Trump
China vows to counter U.S. tariffs, while the U.K. prepares for a narrower trade deal to integrate tech sectors with the U.S.
Daybreak: Trump's Trade Threats
Bloomberg
Overview
In response to President Trump's impending tariffs on Chinese goods, China's Ministry of Commerce has asserted it will take necessary countermeasures, emphasizing its intention to defend its rights in light of increasing U.S. unilateral actions. Analysts anticipate retaliatory tariffs on American imports and restrictions on critical minerals. Concurrently, the U.K. seeks to secure a narrower trade deal with the U.S. focusing on technology integration rather than a comprehensive free trade agreement. With potential ramifications for global trade dynamics, these developments reflect broader tensions as Trump's administration continues to impose tariffs on various nations.
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Bloomberg·4M·FAQ
China has announced a 15% tariff on U.S. coal and liquefied natural gas, and a 10% tariff on U.S. crude oil, agricultural machinery, and large-engine vehicles, effective February 10, 2025.
The U.K. is seeking a narrower trade deal focusing on integrating tech sectors with the U.S., rather than pursuing a comprehensive free trade agreement.
China has expanded export controls on critical minerals like tungsten and indium, added U.S. companies to its Unreliable Entity List, and launched an antitrust investigation into Google.
The U.S. tariffs are part of an ongoing trade conflict, with the Trump administration citing concerns over trade practices and intellectual property. The latest tariffs were imposed under the International Emergency Economic Powers Act.
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