China retaliated against the U.S. tariffs by imposing its own levies on American products, sparking fears of a potential trade war between the two countries. The Chinese government announced tariffs ranging from 10% to 15% on goods including coal, liquefied natural gas, crude oil, agricultural machinery, and automobiles. This move came shortly after the U.S. tariff went into effect, with President Trump having previously paused tariffs on Canada and Mexico.
In addition to the tariffs, China also launched an investigation into Google for alleged anti-trust violations and imposed export controls on rare earth elements. The U.S. has been criticized for its unilateral tariff increase, which China believes violates World Trade Organization rules and undermines economic cooperation.
The U.S. has blocked the appointment of appellate judges to the WTO, leaving China to potentially pursue legal action against the tariffs. Amidst escalating tensions, Trump is expected to speak with Chinese leader Xi Jinping in the coming days. The impact of these tariffs on global trade relations remains uncertain.
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