- cross-posted to:
- worldnews
- cross-posted to:
- worldnews
cross-posted from: https://lemmy.ml/post/25598294
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.
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The WTO’s dispute system has been hampered since 2019 when the first Trump administration blocked the appointment of judges.
Trump is a bastard man, but it is always hilarious how he undoes the “rules based international order” liberals love to pretend exists.
They should do something like Soybean, really hit back at Trump’s core base (kulaks)
You love to see it. China can walk and chew gum at the same time. Retaliate in a trade war AND appear strong domestically AND appear reasonable internationally AND accelerate their domestic transition off of coal AND improve their relationship with Russia. In one move.
