What tariffs is China imposing on the US – and why are they significant?
What tariffs is China imposing on the US – and why are they significant?
www.aljazeera.com What tariffs is China imposing on the US – and why are they significant?
China is quick to act when US tariffs on its imports go into effect, but experts say it’s leaving room for negotiation.
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China’s Ministry of Finance announced it would impose 15 percent tariffs on imports of US liquid natural gas (LNG) and coal and 10 percent levies on oil, farm equipment and some automobiles.
In addition, China’s Ministry of Commerce and its General Administration of Customs said Beijing will begin imposing export controls on some rare earth minerals and metals central to the booming US tech industry and its green energy industry. China also announced measures against some US businesses.