Beijing slaps 15% levy on US LNG, coal; 10% on crude, farm equipment
However, China will be the most affected under Trump since he said there would be an additional 10 percent duty for goods coming from the Asian giant.
President Donald Trump announced broad tariffs Saturday on major US trading partners Canada, Mexico and China, claiming a "major threat" from illegal immigration and drugs -- a move that sparked promises of retaliation.
Even before taking office, Trump has raised the prospect of fresh levies on companies, countries and groups of states as he seeks to implement his agenda
Economic and trade tensions between Washington and Beijing have continued to flare during Biden's time in office.
Beijing announced this week it would ban exports of gallium, germanium and antimony to the United States, targeting materials used for everything from semiconductors to solar cells
Among the materials banned from export are metals gallium, antimony and germanium, Beijing's commerce ministry said in a statement that cited "national security" concerns
Last year, Mexico sent $475 billion of goods exports to the United States, surpassing China
The announcement comes weeks before President-elect Donald Trump returns to the White House, where he is expected to bolster Washington's hawkish stance on China
Beijing slaps 15% levy on US LNG, coal; 10% on crude, farm equipment
However, China will be the most affected under Trump since he said there would be an additional 10 percent duty for goods coming from the Asian giant.
President Donald Trump announced broad tariffs Saturday on major US trading partners Canada, Mexico and China, claiming a "major threat" from illegal immigration and drugs -- a move that sparked promises of retaliation.
Even before taking office, Trump has raised the prospect of fresh levies on companies, countries and groups of states as he seeks to implement his agenda
Economic and trade tensions between Washington and Beijing have continued to flare during Biden's time in office.
Beijing announced this week it would ban exports of gallium, germanium and antimony to the United States, targeting materials used for everything from semiconductors to solar cells
Among the materials banned from export are metals gallium, antimony and germanium, Beijing's commerce ministry said in a statement that cited "national security" concerns
Last year, Mexico sent $475 billion of goods exports to the United States, surpassing China
The announcement comes weeks before President-elect Donald Trump returns to the White House, where he is expected to bolster Washington's hawkish stance on China
The move marks one of the Biden Administration's last large scale effort to stymy China's ability to access and produce chips that can help advance artificial intelligence for military applications or otherwise threaten US national security.
