China counters with tariffs on US products. It will also investigate Google
Source: Yahoo! News/AP
Updated Tue, February 4, 2025 at 3:12 AM EST
BEIJING (AP) China countered President Donald Trump's tariffs on Chinese products with tariffs of its own on multiple U.S. imports Tuesday as well as announcing an antitrust investigation into Google and other trade measures.
U.S. tariffs on products from Canada and Mexico also were to go into effect Tuesday, though Trump agreed to a 30-day pause on his threats against Mexico and Canada as they acted to appease his concerns about border security and drug trafficking. Trump planned to talk with Chinese President Xi Jinping in the next few days.
This isn't the first round of tit-for-tat actions between the two countries. China and the U.S. had engaged in a trade war in 2018 when Trump raised tariffs on Chinese goods and China responded in kind. This time, analysts said, China is much better prepared to counter.
They have a much more developed export control regime. We depend on them for a lot of critical minerals: gallium, germanium, graphite, a host of others. So
they could put some significant harm on our economy, said Philip Luck, a former State Department official and director at the Center for Strategic and International Studies on Monday at a forum. The slew of measures announced Tuesday cut across different sectors of the economy, from energy to individual U.S. companies.
Read more: https://www.yahoo.com/news/china-imposes-15-tariffs-coal-053125505.html