Tit-for-tat: China imposes 15% tariff on US coal, LNG and 10% on crude oil

Feb 4, 2025 - 12:00
Tit-for-tat: China imposes 15% tariff on US coal, LNG and 10% on crude oil

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China imposed tariffs on US coal, LNG, oil, and vehicles in response to Trump's tariffs on Chinese goods, escalating the trade war. Tensions with Canada and Mexico initially eased, but a political crisis erupted in Canada, forcing Prime Minister Trudeau's resignation and early elections. Trump's tariff strategy remains aggressive, with potential economic impacts.

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