Following US president Donald Trump’s decision to impose tariffs on imports from China (as well as Canada and Mexico), the Chinese government has responded in kind by announcing a broad package of economic measures targeting the United States.
Set to come into effect on February 10, the measures include a 10% tariff on agricultural machinery, large-displacements cars as well as pick-up trucks. China is not a big importer of US pick-up trucks and most of its imported cars are from Europe and Japan, so this tariff won’t impact its consumers too much.
In addition to tariffs on goods, a 15% tax will be introduced for certain types of coal and liquefied natural gas (LNG), along with a 10% tax on crude oil. According to the BBC, China is the world’s largest importer of coal, although the United States isn’t among the main suppliers – Indonesia supplies most of China’s coal.
On the flipside, Chinese customs data indicates the country has been increasing imports of LNG from the US, with volumes nearly double that of 2018 levels. As for crude oil, US imports made up just 1.7% of China’s total crude oil bought from abroad in 2023, suggesting the impact of the tariffs to be minimal. Of a bigger concern for the US is China’s decision to impose export controls on 25 rare metals, some of which are key for many electrical products and military equipment.
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u tax kaw me, i tax kaw you back….
Bagus. World War 3 soon ok?
Just copy from the article.
Very limited what China can
This is 1 WIN for Trump now
“China is not a big importer of US pick-up trucks and most of its imported cars are from Europe and Japan, so this tariff won’t impact
China is the world’s largest importer of coal, although the United States isn’t among the main suppliers.
As for crude oil, US imports made up just 1.7% of China’s total crude oil bought.”
Put tarrif Microsoft 365, agriculture, liquor, all automotive
All talk happy only…
Said how much earlier….
Now only 10%.
Come on lah…
I got my popcorn ready to watch action pack show.
Not a comedy.
Kelawar ada tarif tak?