Tariff war unleashed: China counters Trump's measures with retaliation!

Tariff war unleashed: China counters Trump's measures with retaliation!

After the introduction of US tariffs on Chinese imports, the Chinese government reacted immediately. China's market regulator has launched an antitrust investigation into Google, alleging the company is violating the country's anti-monopoly law. These measures came shortly after additional 10 percent tariffs on all Chinese imports into the United States took effect. At the same time, US companies Illumina and PVH Corp were blacklisted for discriminating against Chinese companies, such as the Crown reported.

Reactions and future negotiations

The new tariffs from the USA are also to be accompanied by Chinese countermeasures from February 10th, including tariffs on products such as coal, liquid natural gas and oil. US President Donald Trump has already signaled that he plans to hold talks with China, possibly in the next 24 hours, to reach an agreement and reduce tariffs. How Financial Market World reports, rapid accommodation from Beijing on issues such as drug trafficking could lead to an end to the tariff conflict.

Analysts see the current tariff measures as an opportunity to position themselves before negotiations. The market has responded to these announcements by stabilizing and there is speculation that tariffs could potentially be lifted quickly if progress is made in talks. Trade strategists stress that the current responses from both sides appear measured and could lay the groundwork for productive talks.