China will impose new tariffs on select U.S. imports starting February 10 in retaliation for recent tariff actions by the Trump administration. A 15% tariff will apply to coal and liquefied natural gas, while a 10% tariff will affect crude oil, agricultural machinery, and certain vehicles. In addition, China announced export controls on some metals. This escalation follows President Trump’s order for a 10% tariff on imports from China, with officials asserting that these measures aim to address issues like fentanyl trafficking. China urges the U.S. to rectify its actions to maintain cooperative relations.


Source: https://www.supplychaindive.com/news/trump-tariffs-china-retaliates-us-imports/739131/

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