China responds with tariffs on US goods after Trump's tariffs on Chinese imports take effect
Rep. Pat Fallon, R-Texas, discusses how Canada and Mexico caved to President Donald Trump’s tariff pressure on ‘The Bottom Line.’
China imposed tariffs on some U.S. imports early Tuesday morning in response to new tariffs President Donald Trump placed on Chinese goods beginning shortly after midnight.
Trump had signed an executive order authorizing a 10% additional tariff on imports from China.
The order also included a 25% additional tariff on imports from Canada and Mexico, and an additional 10% tax on energy imported from Canada, including oil, natural gas and electricity. The president has since agreed to a 30-day pause on the tariffs on Mexico and Canada.
The additional 10% tariff on all Chinese imports into the U.S. went into effect on Tuesday after Trump warned Beijing it was not doing enough to stop fentanyl from being trafficked into the country. Trump plans to speak to Chinese President Xi Jinping as early as later in the day on Tuesday, according to the White House.
AUTOMOTIVE GROUPS REACT TO TRUMP TARIFFS ON IMPORTS FROM CANADA, MEXICO, CHINA
China imposed tariffs on some U.S. imports on Tuesday in response to new tariffs President Donald Trump put on Chinese goods. (Ton Molina/Bloomberg via Getty Images / Getty Images)
China's Finance Ministry said shortly after the tariff started that it would impose a tariff of 15% for coal and liquefied natural gas and 10% for crude oil, agricultural equipment and large-engine cars imported from the U.S.
China also launched an anti-monopoly investigation into Alphabet Inc's Google and included both PVH Corp., the holding company for Calvin Klein and other brands, and U.S. biotechnology company Illumina on its «unreliable entities list.»
Additionally, China's Commerce
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