China Tariffs

China imposed new tariffs on US imports, started an antitrust probe into Google, and banned two American companies in response to the banned exports of significant minerals, and Trump’s trade policies. China on Tuesday announced a no-confidence investigation into Google and other business measures along with President Donald Trump’s tariff on Chinese products along with its tariffs on several American imports. China said that it would implement 15 percent tariffs on coal and liquefied natural gas products as well as 10 percent tariffs on crude oil, agricultural machinery, and large-engine cars imported from the US. The tariff will be effective next Monday.

A statement by the Finance Ministry said, “Unilateral tariff growth seriously violates the rules of the World Trade Organization.” We.” In addition, the Chinese state administration on Tuesday said that it was investigating Google on suspicion of violating antitrust laws. The announcement did not mention the tariff but came to China a few minutes after Trump’s 10 percent tariff came into effect.

Trump’s Tariff Regime

American tariffs on Canadian and Mexican products were also going to be implemented on Tuesday, although Trump agreed to stop his threats against Mexico and Canada for a 30-day stop to meet concerns.
Trump intended to converse with Chinese President Xi Jinping in the upcoming days.
In addition to tariffs, China announced export control over several elements important for the production of modern high-technical products. They include Tungsten, Tellurium, Bismuth, Molybdenum, and Indium, many of which have been designated as important minerals by the American Geological Survey, which means they are essential for American economic or national security whose supply in supply Is unsafe for them.
Export control December is in addition to China in addition to China to be used in manufacturing major elements such as gallium.
The Ministry of Commerce also placed two American companies on the list of incredible institutions: PVH Group, which owns Calvin Klein and Tommy Hilfiger, and Illumina, a biotechnology company with offices in China.
Listing prevents them from engaging in import or export activities related to China and making new investments in the country.