- cross-posted to:
- news@hexbear.net
- cross-posted to:
- news@hexbear.net
China’s finance ministry announced the measures in response to 10% tariffs on Chinese products imposed by President Trump’s administration, which took effect Tuesday.
China’s government would impose 15% tariffs on U.S. coal and LNG starting this coming Monday, per a finance ministry statement.U.S. crude oil, agricultural machinery, large-displacement cars and pickup trucks would face 10% tariffs.
The U.S. Chamber of Commerce has said tariffs "will only raise prices for American families and upend supply chains."China’s government said Trump’s action “seriously violates the rules of the World Trade Organization” and it’s announced plans to file a legal complaint with the WTO.
The WTO’s dispute system has been hampered since 2019 when the first Trump administration blocked the appointment of judges.
Canada should sell to China what we currently sell to the US