China reacts to Trump's tariffs

China reacts to Trump's tariffs

Beijing announced new tariffs on certain American imports, including fuels, on Tuesday and introduced export control measures for several raw materials. These measures are a response to the introduction of 10% tariffs to Chinese imports to the United States through the Trump administration.

Details on the new tariffs

The new tariffs were from the Chinese Ministry of Finance announced and encompassing a 15%customs on certain coal and liquefied natural gas as well as a 10%customs in customs on crude oil, agricultural machines, automobiles with a large displacement and pick-up trucks. These measures take effect on February 10th.

new export controls

The Ministry of Trade has also published a list of new export controls that affect materials that are connected to Wolfram and are typically used in industry and in the defense area. This also includes materials that are connected to Tellur, which can be used to produce solar cells.

Beijings reaction to the US tariffs

The announcement will take place after the comprehensive 10% tariffs came into force on Chinese imports to the United States on Saturday. Beijing criticized this tariff in a declaration on Sunday and promised to "stand up for his rights" and to submit a complaint to the world trade organization and to take "corresponding countermeasures".

continuous developments

This story continues to develop and is updated.