China imposes duties on LNG, oil, coal and farm machinery from the US

China imposes duties of 15% on coal and liquefied natural gas (LNG) from the United States. This was reported in the State Council of China on February 4.

It is noted that the duties are introduced from February 10. Also tariffs of 10% will be imposed on American oil, multi-cylinder cars, pickup trucks and agricultural machinery, writes Reuters, citing the data of the State Council.

According to the agency, China imposed duties on imports from the United States in response to U.S. tariffs of 10%, which went into effect on February 4 at 00:01 a.m. East Coast time (8:01 a.m. Moscow time)

How high is the threat of a trade war between the US, EU and China. Parsing

The day before, as a result of telephone talks with Canadian Prime Minister Justin Trudeau, US President Donald Trump decided to postpone the introduction of duties on goods from the country for at least 30 days.

On the same day, White House National Economic Council Director Kevin Hassett said that the tariffs imposed by Trump on Mexico, Canada and China were aimed at fighting fentanyl, not starting a trade war. He said Canada misunderstood the wording in Trump's executive order, interpreting it as starting a trade war.

Donald Trump signed an executive order on Feb. 1 imposing trade tariffs of 25 percent on goods from Canada, China and Mexico. Then he also promised to impose duties on goods from the EU. With this decision, Trump seeks to reduce the flow of the opioid fentanyl across the border, as well as the flow of migrants.

Chinese economist Andrew Leung, in turn, told Izvestia that the tariffs imposed by Trump on imports of goods from China and Mexico will lead to an increase in consumer prices in the United States itself.