China Retaliates Against Trump Tariffs, Files WTO Complaint
In retaliation for U.S. tariffs, China announced its own tariffs on various U.S. goods, including liquefied natural gas, coal, crude oil, farm equipment, and autos, alongside export controls on rare earth metals and an anti-monopoly investigation into Google and other U.S. companies. These Chinese tariffs are not set to take effect until February 10th. This delay provides a window of opportunity for Presidents Trump and Xi to negotiate and potentially de-escalate the trade conflict. The timing is notable given Trump’s recent temporary suspension of tariffs on Canadian and Mexican goods.
John Q. Hosedrinker