Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,228,195 members, 8,073,044 topics. Date: Friday, 07 February 2025 at 05:58 PM

China Retaliates With Tariffs On US Goods After Trump’s Move - Foreign Affairs - Nairaland

Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / China Retaliates With Tariffs On US Goods After Trump’s Move (16381 Views)

Trump Threatens Russia With Tariffs & Sanctions If It Does Not Agree To End War / Biden Announces New Tariffs On Chinese Imports / Russia retaliates, sanctions Kamala Harris, Mark Zuckerberg, Others (2) (3) (4)

(1) (2) (3) (4) (5) (6) (Reply) (Go Down)

China Retaliates With Tariffs On US Goods After Trump’s Move by Great100000: 12:23pm On Feb 04
China will impose tariffs of 15 percent on imports of coal and LNG from the US in retaliation for 10 percent levies on Chinese goods.

China will impose tariffs of 15 percent on imports of coal and liquefied natural gas (LNG) from the United States in retaliation for Washington’s 10 percent levies on Chinese goods.


China’s Ministry of Finance also announced on Tuesday that there would be 10 percent tariffs on imports from the US of crude oil, agricultural machinery, large-displacement vehicles and pick-up trucks.

The new measures were in response to the “unilateral tariff hike” by the US, it said, adding that Washington’s decision “seriously violates World Trade Organization rules, does nothing to resolve its own problems, and disrupts normal economic and trade cooperation between China and the United States”.

Beijing’s tariffs, which come into force on February 10, were announced shortly after US President Donald Trump said he would hold a call with his Chinese counterpart, Xi Jinping, in the next 24 hours.

On Saturday, Trump announced sweeping measures against its top trade partners, including Canada and Mexico, with goods from China facing an additional 10 percent tariff on top of the duties they already endure.

Trump said the measures aimed to punish countries for failing to halt flows of undocumented migrants and drugs, including fentanyl, into the US.

However, on Monday, he suspended his threat of tariffs on Mexico and Canada, agreeing to a 30-day pause in return for concessions on border and crime enforcement with the neighbouring countries.

“China’s retaliatory tariffs are a calibrated response rather than an outright escalation,” Julien Chaisse, professor at City University of Hong Kong specialising in international economic law, said.

“The measures demonstrate Beijing’s willingness to impose economic costs on Washington while maintaining flexibility for negotiation.


“The choice of a February 10 start date appears strategic. It allows time for a possible discussion between Trump and Xi which is creating space for last-minute diplomacy before the measures take effect. If talks between the two take place in the coming days, there is room for adjustments, partial exemptions or reciprocal gestures that could prevent a further spiral in trade tensions.

“That said, much will depend on Washington’s interpretation of these measures. If the US views them as a calibrated step leaving room for negotiation, this could set the stage for discussions rather than further escalation. However, if Trump sees this as a direct challenge, his administration could respond with additional trade restrictions. This would intensify the conflict.”

During his first term in 2018, Trump initiated a brutal two-year trade war with China over its massive US trade surplus, with tit-for-tat tariffs on hundreds of billions of dollars worth of goods upending global supply chains and damaging the world economy.

To end that trade war, China agreed in 2020 to spend an extra $200bn a year on US goods, but the plan was derailed by the COVID pandemic and its annual trade deficit widened to $361bn, according to Chinese customs data released last month.

Trump warned he might increase tariffs on China further unless Beijing stemmed the flow of fentanyl, a deadly opioid, into the US.


China has called fentanyl a US problem and said it would challenge the tariffs at the World Trade Organization and take other countermeasures, but also left the door open for talks.

Source: https://www.aljazeera.com/amp/economy/2025/2/4/china-retaliates-with-tariffs-on-us-goods-after-trumps-move

27 Likes 4 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by Golan007: 12:26pm On Feb 04
Trump is looking for the best for America.

grin

58 Likes 6 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by free2ryhme: 12:39pm On Feb 04
Great100000:


Source: https://www.aljazeera.com/amp/economy/2025/2/4/china-retaliates-with-tariffs-on-us-goods-after-trumps-move

It's interesting how most of those resources that China exports are available elsewhere, but no one wanted to invest in extracting them as the carrot of cheap Chinese labour was too much to be resisted.

If you've a strategic resource and only one country provides it, you've got a huge problem.

Tariffs harm the country imposing them just as much as the country on which they are imposed, if not more so, and only increases prices for end consumers. The irony is many US businesses have out sourced their manufacturing to China so US business will suffer.

24 Likes 1 Share

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by Parydelegate: 12:39pm On Feb 04
Battleline has been drawn......

Who go win this trade war 🤔

18 Likes 1 Share

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by LordGuru1: 12:39pm On Feb 04
Golan007:
Trump is looking for the best for America.
grin
shocked SEE: https://www.nairaland.com/8331911/reason-why-many-fail-because

2 Likes 1 Share

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by Wealthoptulent(m): 12:40pm On Feb 04
Great100000:


Source: https://www.aljazeera.com/amp/economy/2025/2/4/china-retaliates-with-tariffs-on-us-goods-after-trumps-move

TESLA oo grin MUSK MUST be Member of 99 adviser 0 helpers in MASK
Igi ewedu oni wo pawa oo... GL na e send message out to u all.


#no be me be GL oo abeg oo 🤣

5 Likes 1 Share

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by Skillsnigeria: 12:40pm On Feb 04
grin
Re: China Retaliates With Tariffs On US Goods After Trump’s Move by Bentacur007: 12:40pm On Feb 04
Trump is reversing some policies

37 Likes 5 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by Zico5(m): 12:40pm On Feb 04
Ok
Re: China Retaliates With Tariffs On US Goods After Trump’s Move by Gotocourt: 12:41pm On Feb 04
tongue
Re: China Retaliates With Tariffs On US Goods After Trump’s Move by maasoap(m): 12:41pm On Feb 04
Not bad. Let the clown knows that he doesn't have monopoly of madness

59 Likes 8 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by fasterwell(m): 12:41pm On Feb 04
In PSquare voice

Get on the dance floor
If you give it to me
I will give it you

E get as e dey do me do me

Trump give to me some more some more
E get as e dey do me do me

Xi if you give it to me
I will give it to you

You do me
I do you
Man no vex

11 Likes 3 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by EKOMADENG: 12:41pm On Feb 04
China ain't playing at all.

18 Likes 5 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by JJRainbow(m): 12:41pm On Feb 04
Hmmmmm
Another world problems loading

4 Likes 2 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by GeneralPula: 12:42pm On Feb 04
Be like say nah the calamity in White House dem wan take perish USA

48 Likes 6 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by HydraFeeds(m): 12:42pm On Feb 04
No one owns the world,it's the US that will FAFO .

18 Likes 4 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by danvon(m): 12:42pm On Feb 04
Iphone - made in China
Android - made in China
Torch light - made in China
Tiktok - made in China
Tesla cars - made in China
Donald Trump MAGA cap - made in China

China has been proven time and time again that they don't need anybody, they can have a very good country even in isolation.

USA has not yet proved the same.

58 Likes 9 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by DrAda(f): 12:42pm On Feb 04
Why does he keep calling them when he is the aggressor? It's really strange

22 Likes 3 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by Oakenshield: 12:43pm On Feb 04
Bentacur007:
Trump is reversing some policies
Don't mind the mad man.

23 Likes 5 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by YorubaYouth: 12:43pm On Feb 04
American Technologies made China what China is today. Like if you Agree, Share if not.

22 Likes 41 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by Fiscus105(m): 12:44pm On Feb 04
China would be the overall beneficiary of mad man policy.


I think this is period for CHINA to surpass AMERICA, ECONOMICALLY,in INFLUENCE and by extension DOMINANCE, if they can successfully gain inroads to European Union.

21 Likes 3 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by Deepspirituals: 12:44pm On Feb 04
maasoap:
Not bad. Let the clown knows that he doesn't have monopoly of madness
Tit for Tat

5 Likes 1 Share

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by Afrowits: 12:44pm On Feb 04
A
Re: China Retaliates With Tariffs On US Goods After Trump’s Move by Oju4190: 12:45pm On Feb 04
Bentacur007:
Trump is reversing some policies
i knew all dis are initial gra gra

He will calm down soon

21 Likes 4 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by maasoap(m): 12:45pm On Feb 04
Golan007:
Trump is looking for the best for America.

grin

Except that he's looking at the wrong places grin grin

13 Likes 5 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by iwaeda: 12:45pm On Feb 04
Elon Musk will destroy USA and run back to South Africa and Canada. grin grin grin grin

31 Likes 9 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by Codedpriest(m): 12:45pm On Feb 04
Trump na mumu sha

27 Likes 8 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by Golan007: 12:46pm On Feb 04
maasoap:


Except that he's looking at the wrong places grin grin

grin grin grin

2 Likes

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by Freetech: 12:46pm On Feb 04
Let the music begin

The village idiot is here to sing

9 Likes 3 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by jaxxy(m): 12:46pm On Feb 04
Trump wants a good deal. Negotiate with him if u can.

9 Likes 1 Share

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by xpressionx(m): 12:46pm On Feb 04
If America moves manufacturing to south Korea instead of China,it will shake China as they are Americas major trading partner.

Alot of country's has started renegotiating to avoid the tariffs.
It will be in the interest of both countries to calm down,but America has the upper hand for now.

14 Likes 3 Shares

Re: China Retaliates With Tariffs On US Goods After Trump’s Move by maasoap(m): 12:47pm On Feb 04
YorubaYouth:
American Technologies made China what China is today.
Technology-wise, USA is lagging behind China by like 50 years now.

29 Likes 3 Shares

(1) (2) (3) (4) (5) (6) (Reply)

Michigan Supreme Court Rules That Trump Will Stay On State Ballot / Donald Trump Could Sanction Lawyers Behind Netanyahu Arrest Warrant / US Vice Presidential Debate Holds Tonight.

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2025 Oluwaseun Osewa. All rights reserved. See How To Advertise. 29
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.