China counters with tariffs on US products. It will also investigate Google

Date:

Share post:


BEIJING — China countered President Donald Trump’s tariffs on Chinese products with tariffs of its own on multiple U.S. imports Tuesday as well as announcing an antitrust investigation into Google and other trade measures.

China said it would implement a 15% tariff on coal and liquefied natural gas products as well as a 10% tariff on crude oil, agricultural machinery and large-engine cars imported from the U.S. The tariffs would take effect next Monday.

“The US’s unilateral tariff increase seriously violates the rules of the World Trade Organization,” the statement from a Ministry of Finance office said. “It is not only unhelpful in solving its own problems, but also damages normal economic and trade cooperation between China and the US.”

In addition, China’s State Administration for Market Regulation said Tuesday it is investigating Google on suspicion of violating antitrust laws. The announcement didn’t mention the tariffs but came just minutes after Trump’s 10% tariffs on China were to take effect.

U.S. tariffs on products from Canada and Mexico also were to go into effect Tuesday, though Trump agreed to a 30-day pause on his threats against Mexico and Canada as they acted to appease his concerns about border security and drug trafficking. Trump planned to talk with Chinese President Xi Jinping in the next few days.

In addition to the tariffs, China announced export controls on several elements critical to the production of modern high-tech products. They include tungsten, tellurium, bismuth, molybdenum and indium, many of which are designated as critical minerals by the U.S. Geological Survey, meaning they are essential to U.S. economic or national security that have supply chains vulnerable to disruption.

The export controls are in addition to ones China placed in December on key elements such as gallium used in manufacturing.

The Commerce Ministry also placed two American companies on an unreliable entities list: PVH Group, which owns Calvin Klein and Tommy Hilfiger, and Illumina, which is a biotechnology company with offices in China. The listing bars them from engaging in China-related import or export activities and from making new investments in the country.

___

Wu reported from Bangkok.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Former NATO chief Jens Stoltenberg returning to government in Norway as finance minister

OSLO, Norway -- Former NATO Secretary-General Jens Stoltenberg said Tuesday that he is returning to government in...

Court upholds conviction of American who helped fugitive former Nissan chief hide pay

TOKYO -- The conviction of a former American Nissan executive for helping fugitive former Chairman Carlos Ghosn...

Debt-stricken Sri Lanka marks independence day as new president pledges to rebuild the country

Debt-stricken Sri Lanka has marked its 77th independence anniversary with a military parade, while the country’s newly...

New governor tests relations with North Carolina lawmakers with aid request for Helene recovery

RALEIGH, N.C. -- RALEIGH, N.C. (AP) — North Carolina Gov. Josh Stein asked state legislators Monday to...

Elon Musk creates confusion about IRS' Direct File — but the free tax program is still available

WASHINGTON -- Billionaire tech mogul Elon Musk posted Monday on his social media site that he had...

NHL Players' Association and Professional Hockey Players’ Association join the AFL-CIO

WASHINGTON -- The National Hockey League Players’ Association and Professional Hockey Players’ Association are affiliating with the...

How Trump's pledge to punish South Africa reflects Musk's criticism of his homeland

CAPE TOWN, South Africa -- CAPE TOWN, South Africa (AP) — U.S. President Donald Trump said he...

EU leaders scramble to avoid friction with the US under Trump and avoid a 'stupid tariff war'

BRUSSELS -- After three years spent trying to deter Russia from destroying Ukraine, European Union leaders grappled...