CHINA IMPOSES ADDITIONAL TARIFFS ON U.S. IMPORTS

CHINA IMPOSES ADDITIONAL TARIFFS ON U.S. IMPORTS
China to impose up to 15% additional tariffs on select U.S. imports starting February 10, 2025.
Affected goods include coal, liquified natural gas (LNG), crude oil, farm equipment, and certain cars.
15% tariffs on coal and LNG, and 10% higher duties on crude oil, farm equipment, and specific cars.
This action follows the U.S. implementation of a 10% tariff on Chinese goods.
China claims the U.S. tariffs violate World Trade Organization (WTO) rules.