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China Responds to 10% U.S. Tariff with Imposition of Levies on American Products


China retaliated to the 10% U.S. tariff on all Chinese goods by imposing its own levies of 10% to 15% on some U.S. products starting Feb. 10. The Chinese tariffs include a 15% tariff on coal and liquefied natural gas, and a 10% tariff on crude oil, agricultural machinery, large-displacement automobiles, and pickup trucks. This move came after the U.S. tariff went into effect, leading to the risk of a spiraling trade war between the two largest economies.

In response to the U.S. tariffs, Beijing announced an investigation into Google for alleged anti-trust violations, export controls on items related to rare earth elements, and added U.S. companies Illumina and PVH Corp. to the “unreliable entity list.” President Trump had also announced 25% tariffs on goods from Canada and Mexico, but those tariffs were paused after talks with those countries’ leaders.

Although the U.S. tariffs have been referred to the World Trade Organization for review, China is considering legal action to gather international support against the U.S. tariffs. The escalating trade tensions between the U.S. and China are seen as damaging to the global trading system, industrial chains, and stability.

The U.S. blocked the appointments of appellate judges to the WTO during Trump’s term, limiting its ability to mediate international trade disputes. However, China could still pursue a lawsuit to challenge the U.S. tariffs. Mainland Chinese markets were closed for the Lunar New Year holiday, and other Asia-Pacific markets initially responded positively to news that the Canadian and Mexican tariffs were on hold.

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