Tariff fight heats up as China strikes back

Original article by Andrew Tillett, Jessica Sier, Matthew Cranston, Michael Read, Alex Gluyas, Angela Macdonald-Smith
The Australian Financial Review – Page: 1 & 10 : 5-Feb-25

The Chinese government will impose a tariff of 15 per cent on US coal and LNG imports from 10 February. Crude oil, farm equipment and some vehicles will in turn be subject to a tariff of 10 per cent. Beijing announced the move shortly after President Donald Trump’s new tariff regime on all goods imported from China took effect on Tuesday. Economists have warned that the tariffs dispute between the US and China will impact on the Australian economy, particularly if it escalates into a broader trade war. Meanwhile, the Chinese government has imposed export controls on critical minerals such as tungsten, tellurium and molybdenum, citing the need to "safeguard national security interests".

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

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