China hits back with limited response to Trump tariffs

Beijing retaliated against Donald Trump’s tariffs on Chinese imports by imposing their own duties, targeting US products like LNG, cars, and rare metals. The measures, set to take effect on February 10, were seen as a move to avoid a full-blown trade war. China also announced an antitrust probe into Google. Despite the tensions, hopes for negotiations between Trump and President Xi Jinping remain. The Wall Street bank noted that Beijing blocked exports of several other key minerals in December — a move that hit the US semiconductor industry. Some economists doubt the likelihood of an agreement to avoid tariffs, suggesting significant compromises would be needed from both sides.

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