In response to the recent escalation of trade tensions initiated by the United States, China has implemented a series of strategic measures to counteract the newly imposed U.S. tariffs.
Following the U.S. administration's decision to impose a 10% tariff on Chinese goods, effective from February 4, 2025, China promptly announced its own set of countermeasures. Starting February 10, 2025, Beijing will enforce additional tariffs, including a 15% levy on U.S. coal and liquefied natural gas (LNG), and a 10% tariff on U.S. crude oil, large-displacement vehicles, and agricultural machinery. These actions are aimed at sectors significantly intertwined with the U.S. economy, signaling China's resolve to respond proportionately to U.S. trade actions.
In addition to imposing tariffs, China has initiated a legal challenge against the United States at the World Trade Organization. This lawsuit contends that the U.S. tariffs violate international trade rules and seeks to address what China perceives as unjustified trade barriers.
China has also launched an antitrust investigation into Google, scrutinizing the tech giant's business practices within its borders. While specific details of the investigation remain limited, this action indicates China's willingness to leverage regulatory measures in response to U.S. trade policies.
Furthermore, Beijing has imposed export controls on critical minerals such as tungsten and tellurium, which are essential components in various high-tech industries. These controls could have significant implications for global supply chains, particularly for U.S. companies reliant on these materials.
In a move to exert additional pressure, China has added two U.S. companies to its list of "unreliable entities." This designation subjects the firms to potential restrictions and heightened scrutiny, further complicating their operations within China. While the specific companies have not been officially named, this action serves as a warning to U.S. businesses about the potential risks of the escalating trade conflict.
The intensifying trade dispute between the world's two largest economies has raised concerns about broader economic repercussions. Financial markets have exhibited increased volatility, with declines in major stock indices reflecting investor apprehension. Analysts warn that prolonged tensions could disrupt global supply chains, increase costs for consumers and businesses, and potentially slow economic growth worldwide.
Swiss police have confirmed that all 40 victims of the New Year’s Eve fire at a bar in the mountain resort of Crans-Montana have now been identified...
Myanmar’s military junta has granted amnesty to more than 6,000 prisoners nationwide as the country marked its 78th Independence Day, local media re...
Denmark’s Prime Minister Mette Frederiksen has urged U.S. President Donald Trump to abandon threats to take over Greenland, following comments he ma...
Spain and five Latin American countries – Brazil, Chile, Colombia, Mexico and Uruguay – have jointly condemned the U.S. military operation that re...
Residents in Catia La Mar, near Caracas, say homes were damaged or destroyed during a U.S. military operation that captured Venezuelan President Nicol...
Talks in Malaysia between top diplomats from Russia and the United States were described by the Russian Foreign Ministry as "substantive and frank" with both sides confirming their interest in seeking peaceful solutions to international conflicts.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Senior officials from the United States and Georgia met in Tbilisi to review bilateral relations and regional security amid ongoing diplomatic discussions.
Iran has condemned the U.S.-Iran nuclear negotiations as “meaningless” after Israel’s largest strike on Iranian targets, accusing Washington of backing the attack. The planned sixth round of talks faces uncertainty amid escalating tensions.
Turkish President Recep Tayyip Erdoğan has warned that the Russia-Ukraine war is now threatening trade in the Black Sea.
Teenagers as young as 14 and 15 years old were among those who died in the bar fire on New Year's Eve that killed 40 people in Switzerland, police said on Sunday.
North Korea fired a ballistic missile into the East Sea, according to South Korea and Japan, as regional diplomacy and security concerns remain in focus.
The United States launched an overnight military operation in Venezuela and captured its long-serving President Nicolás Maduro on Saturday, U.S. President Donald Trump said, pledging to place the country under temporary American control and signalling that U.S. forces could be deployed if necessary.
The UN Security Council will hold an emergency meeting Monday to discuss the U.S. operation in Venezuela.
Swiss police have confirmed that all 40 victims of the New Year’s Eve fire at a bar in the mountain resort of Crans-Montana have now been identified, with more than half of those killed being teenagers.
Myanmar’s military junta has granted amnesty to more than 6,000 prisoners nationwide as the country marked its 78th Independence Day, local media reported on Sunday.
Denmark’s Prime Minister Mette Frederiksen has urged U.S. President Donald Trump to abandon threats to take over Greenland, following comments he made in an interview with The Atlantic.
Spain and five Latin American countries – Brazil, Chile, Colombia, Mexico and Uruguay – have jointly condemned the U.S. military operation that resulted in the capture of Venezuelan President Nicolás Maduro.
Residents in Catia La Mar, near Caracas, say homes were damaged or destroyed during a U.S. military operation that captured Venezuelan President Nicolas Maduro, with authorities reporting an unspecified number of deaths.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment