According to the ap, china announced tuesday that it will respond to Donald Trump's tariffs by imposing a 10% tariff on crude oil, a 15% tariff on coal, and a 15% tariff on LNG products. China's ministry of commerce issued a statement saying, "The United States' unilateral tariff increase seriously violates the rules of the World Trade Organization."
 
"It harms normal economic and trade cooperation between china and the US, in addition to being ineffective in resolving its own issues," the statement continued. The ap article also stated that President donald trump intended to speak with Chinese President Xi jinping in the coming days, but the 10% tariff he imposed on china was scheduled to take effect on Tuesday.

On tuesday, China's State Administration for Market Regulation said that it is looking into google for possible antitrust violations. The statement was made minutes before Trump's 10% tariffs were set to go into effect, even though it made no mention of tariffs.

Beijing has emphasized that there is "no winner in a trade war" and stated that it "may be forced to take countermeasures" in response to Trump's tariffs.

China's Permanent Representative to the UN, Ambassador Fu Cong, was reported by PTI as saying, "We are firmly opposed to this unwarranted increase and we do believe that this is in violation of the WTO (World Trade Organization) rules."
 
When asked about the trump administration's 10% tariffs on Chinese products entering the US, he said that beijing "may be forced to take countermeasures" and that china is registering a protest with the WTO.

The white house declared on saturday that trump will impose an additional 10% tax on Chinese goods and a 25% additional tariff on imports from canada and Mexico.
 
"President trump is taking bold action to hold Mexico, canada, and china accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country," the white house had stated.
 
The Chinese ambassador stressed that "there is no winner in a trade war and we do hope that the US should look at its own problems, really solve... find a solution that is beneficial to itself and also to the whole world."
 
"Frankly speaking, I don't think that raising tariffs is beneficial to the US itself," Fu stated.
 
 
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G GOWTHAM

04/02/2025 11:55 AM