China Imposes Tariffs In Retaliation Against Trump’s Tariffs

The country's Ministry of Finance announced the counter-measures, imposing a 15% tariff on liquefied natural gas and coal.

China made a move to retaliate against President Trump’s enforcement of the tariffs against them.

The country’s Ministry of Finance announced the counter-measures, imposing a 15% tariff on liquefied natural gas and coal.

China also said it would add a 10% tariff on crude oil, pickup trucks, agricultural machinery and large-displacement cars.

China’s Ministry of Commerce said it would also impose export controls on several critical elements including tellurium, bismuth, tungsten, indium and molybdenum.

The move comes after Trump imposed a 10% tariff on Chinese goods that went into effect Tuesday. It is part of Trump’s broader trade agenda with America’s neighbors while forcing them to crack down on fentanyl and other illegal drugs as well as better enforced border security.

China’s new tariffs are set to take effect on Monday.