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China Strikes Back After Trump Imposes 10% Tariff on Goods

4 February 2025
in Business
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China Strikes Back After Trump Imposes 10% Tariff on Goods
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Beijing swiftly responded to President Trump’s promised tariffs by announcing countermeasures, including additional tariffs on American imports and restrictions on critical minerals exports. The Chinese government also initiated an antimonopoly investigation into Google, while implementing tariffs on crude oil, agricultural equipment, and other products. Amid escalating tensions, both countries are engaging in retaliatory actions, signaling a potential long negotiation process ahead to resolve the trade dispute.

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Tags: ChinagoodsimposesStrikestariffTrump
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