The Chinese Ministry of Commerce announced on Tuesday that it will impose 15 % of the customs tariff on American coal and the texture natural gas (LNG).
The ministry said: “An additional 10 % tariff will be imposed on crude oil, agricultural equipment and some cars.”
The Ministry of Commerce added that in order to “protect the national security interests”, the country imposes controls for exporting on the relevant elements of Tungstin, Tyorium, Ruthenium, Moliphenum and Ruthenium.
China has averaged after the new tariff entered a 10 % on all Chinese exports to the United States.
Market reaction
The Chinese dollar, the Australian dollar (AUD), remains under pressure amid expectations from anti -China’s anti -President Donald Trump tariffs. At the time of the press, AUD/USD decreased by 0.63 % a day, trading near 0.6185.
Common questions between the United States of China for war
In general, the trade war is an economic conflict between the two countries or more due to severe protectionism at one party. It involves the creation of commercial barriers, such as customs tariffs, which lead to anti -import barriers, and to import costs, and thus the cost of living.
The economic conflict between the United States (the United States) and China began in early 2018, when President Donald Trump laid commercial barriers on China, claiming unfair commercial practices and theft of intellectual property from the Asian giant. China has taken retaliatory measures and imposed a tariff on multiple American goods, such as cars and soybeans. Tensions escalated until the two countries signed the commercial deal for the first stage of the United States of China in January 2020. The agreement requires structural reforms and other changes on the economic and commercial system in China and demonstrated by restoring stability and confidence between the two countries. However, the Koronavus virus’s pandemic took the focus from the conflict. However, it should be noted that President Joe Biden, who took office after Trump, maintained the customs tariff in his place and added some additional fees.
Donald Trump’s return to the White House as an American president ignited 47 new waves of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60 % of the customs tariff on China once he returns to his position, which he did on January 20, 2025. With Trump’s return, the trade war and the United States aims to resume the place where it was left, with its existence, the limit policies In exchange for Tat, which affects the global economic scene, amid unrest in global supply chains, which leads to a decrease in spending, especially investment, and direct nutrition in the inflation of the consumer price index.