China has rolled out fresh tariffs on select U.S. imports, escalating trade tensions between the world's two largest economies. Starting February 10, a 15% tariff will hit American coal and liquefied natural gas (LNG), while oil, agricultural machinery, and large vehicles face a 10% levy, according to a notice from China's Customs Tariff Commission.
The move responds to U.S. President Donald Trump's recent 10% tariff hike on Chinese goods, which took effect Tuesday. 🔄 In a surprise twist, Trump also paused planned tariffs on Mexico and Canada for 30 hours, opting for a temporary truce.
China criticized the U.S. measures as a violation of WTO rules, arguing they 'disrupt normal economic cooperation' without solving America's underlying issues. 💼⚖️ Analysts warn this tit-for-tat could ripple through global supply chains, affecting everything from energy prices to tech manufacturing.
Will this spark a new phase in the trade war? Businesses and investors are bracing for impact as negotiations hang in the balance. 📉🤝
