Chinese Response to Trump Tariffs Unveiled
- Alexangel Ventura
- Feb 4
- 1 min read
China made its official response on Tuesday to U.S. President Donald Trump's tariff play.
China renewed its initial trade war with the United States by levying new retaliatory tariffs, instituting a 10% tariff on crude oil and 15% on coal.
America ranks as one of the largest exporters of oil and coal in the world, so these tariffs could prove fatal to the nation's trade power and global influence. Other countries that the U.S. could tariff could follow in China's footsteps and provide some resistance to Trump's tariff endeavors, like Germany, the EU, or Japan.
China also made an effort to limit the expansion of American monopolies into its domestic market. Google, which has been allegedly violating Chinese antitrust laws. Thus, Google stock has fallen in the pre-market.
However, with Canada and Mexico having conceded to Trump's demands, at least temporarily, China will possibly face significant political pressure to follow the trend.
