Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    India’s extreme poverty falls to 2.6% under Modi’s growth push

    October 31, 2026

    Kenya bets on new coffee varieties to boost production

    October 31, 2026

    Dakar 2026 Youth Olympic Games open Saturday in Senegal

    October 30, 2026
    Malaysia GuardianMalaysia Guardian
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Malaysia GuardianMalaysia Guardian
    Home » U.S.-China trade tensions escalate as Beijing announces fresh tariffs
    Business

    U.S.-China trade tensions escalate as Beijing announces fresh tariffs

    February 5, 2025
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    China has announced retaliatory economic measures against the United States following the implementation of 10% tariffs on Chinese imports by the administration of U.S. President Donald Trump. The new Chinese tariffs, set to take effect on February 10, include a 15% duty on certain types of coal and liquefied natural gas, as well as a 10% tariff on crude oil, agricultural machinery, large-displacement cars, and pickup trucks.

    U.S.-China trade tensions escalate as Beijing announces fresh tariffs

    In addition to the tariffs, China’s Ministry of Commerce and customs authorities introduced new export controls on over two dozen metal products and related technologies. Among the restricted materials are tungsten, a key industrial and defense mineral, and tellurium, which is used in solar cell production. The Ministry of Commerce further announced that two American firms, biotech company Illumina and fashion retailer PVH Group, the parent company of Calvin Klein and Tommy Hilfiger, have been added to China’s unreliable entities list, citing violations of standard market trading principles.

    Simultaneously, China’s State Administration for Market Regulation initiated an antitrust investigation into Google for suspected violations. Although Google’s search engine is unavailable in China, the move signals Beijing’s broader response to Washington’s escalating trade actions. The measures were unveiled as the U.S. tariffs covering more than $450 billion in Chinese goods went into effect.

    Economic analysts suggest that Beijing’s countermeasures are calibrated to send a political message while minimizing economic damage. According to Julian Evans-Pritchard of Capital Economics, the newly imposed tariffs target approximately $20 billion worth of U.S. imports, representing around 12% of the total annual trade volume between the two countries. This is significantly lower than the scale of Washington’s tariffs on Chinese goods.

    Beijing has also taken steps on the diplomatic front, filing a formal complaint with the World Trade Organization (WTO). In a statement, China’s Ministry of Commerce accused the U.S. of undermining the multilateral trading system, destabilizing global supply chains, and violating the principles of economic cooperation. Chinese officials vowed to pursue additional countermeasures if necessary. The retaliatory measures come amid broader geopolitical tensions between Washington and Beijing, with trade imbalances, technology disputes, and concerns over fentanyl exports factoring into the strained relationship.

    Trump linked the tariffs to China’s alleged role in supplying precursor chemicals for fentanyl production, a claim Beijing has consistently denied. The White House had also recently announced tariffs on Mexican and Canadian imports, though those were paused following negotiations with their respective leaders. While Beijing’s response signals its willingness to push back against Washington, it has also left room for potential trade negotiations. Trump, who had earlier threatened tariffs of up to 60% on Chinese goods, suggested that he may speak with Chinese President Xi Jinping in the coming days. – By MENA Newswire News Desk.

    Related Posts

    Kenya bets on new coffee varieties to boost production

    October 31, 2026

    Global EV registrations hit record 11 million in nine months

    October 30, 2026

    Oil prices rise as Brent climbs above $115 a barrel

    October 29, 2026

    Microsoft offers voluntary buyouts to about 60,000 employees

    October 27, 2026

    South Korea surplus tops Germany and Japan combined in Q2

    October 26, 2026

    Russia-Oman trade jumps 22-fold to $1.5 billion, Shoigu says

    October 23, 2026
    Popular News

    India’s extreme poverty falls to 2.6% under Modi’s growth push

    October 31, 2026

    – India’s extreme poverty rate plunged from 27.1% to 2.6% between 2011 and 2023, lifting an estimated 496 million people out of poverty, the World Bank said in its October 2026 Poverty and Equity Brief. The Bank called it “one

    Kenya bets on new coffee varieties to boost production

    October 31, 2026

    Dakar 2026 Youth Olympic Games open Saturday in Senegal

    October 30, 2026

    Global EV registrations hit record 11 million in nine months

    October 30, 2026

    Apple brings Touch and PROLED XDR display to MacBook Pro

    October 29, 2026

    Integrated Identity Enters Global Top 0.1% with Rare 100/100 Google PageSpeed

    October 29, 2026

    Cyclone Arnab kills three as India evacuates thousands

    October 29, 2026

    Oil prices rise as Brent climbs above $115 a barrel

    October 29, 2026
    © 2026 Malaysia Guardian | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.