Beijing will impose 15% tariffs on coal and liquefied natural gas from the US and 10% on crude oil, agricultural machinery and certain types of heavy-duty vehicles.
China is committed to using renewable and clean energy for everything. Putting tariffs on the dirty energy sources, not only are they sticking the USA in the gut, they’re also accelerating the switch-over to clean energy by making dirty energy sources expensive. I think this is an absolute win for China.
I think so too, and I read somewhere that US tariffs on Taiwan are also largely helpful towards China’s goal of boosting their internal consumer market. It seems Xi has once again completely failed to stop winning.
China is committed to using renewable and clean energy for everything. Putting tariffs on the dirty energy sources, not only are they sticking the USA in the gut, they’re also accelerating the switch-over to clean energy by making dirty energy sources expensive. I think this is an absolute win for China.
I think so too, and I read somewhere that US tariffs on Taiwan are also largely helpful towards China’s goal of boosting their internal consumer market. It seems Xi has once again completely failed to stop winning.