China Strikes Back: Imposes 15% Tariffs on US Imports Amid Trade Tensions

In response to the Trump administration’s decision to impose a 10% tariff on Chinese goods, China has announced retaliatory measures, escalating tensions in the ongoing trade dispute.

Beijing’s New Tariffs Take Effect Next Week

The Chinese Ministry of Commerce confirmed that a 15% tariff will be imposed on US coal and liquefied natural gas (LNG), with implementation beginning on February 10, 2025. Additionally, a 10% increase in duties will be applied to crude oil, farm equipment, and select automobiles imported from the United States.

China Cites WTO Violations

China has condemned the US-imposed tariffs as a "serious violation" of World Trade Organization (WTO) regulations. Further retaliatory measures include export controls on critical materials such as tungsten, tellurium, ruthenium, and molybdenum, which are essential to various industrial and technological sectors.

Trump Adjusts Tariff Strategy with Canada and Mexico

While tensions with China intensify, the US has rolled back its 25% tariffs on Mexico and Canada for one month. This decision follows discussions between President Trump and North American leaders.

Mexico and Canada Strengthen Border Security in Response

Mexican President Claudia Sheinbaum announced on X that she had reached an agreement with Trump to bolster security along the northern border in exchange for a commitment from the US to reduce the flow of firearms into Mexico. Similarly, Canadian Prime Minister Justin Trudeau confirmed plans to reinforce security at the southern border to curb illegal migration and fentanyl trafficking.

The evolving trade policies and retaliatory measures between the US, China, Mexico, and Canada highlight the complex geopolitical landscape shaping global commerce.

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