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Home World USA

China hits back at 10% U.S. tariff with its own levies on U.S. products – NBC Chicago

3 February 2025
in USA
0
China hits back at 10% U.S. tariff with its own levies on U.S. products – NBC Chicago
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China retaliated immediately with tariffs of 10-15% on U.S. products after the U.S. imposed a 10% tariff on Chinese goods, escalating tensions and raising the risk of a trade war. Beijing also announced an investigation into Google, export controls on rare earth elements, and restrictions on U.S. companies. The U.S. has delayed tariffs on Canada and Mexico but faces challenges with China, as both countries engage in tit-for-tat measures violating WTO rules and disrupting global trade.

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