China said it will impose a 15% duty on LNG and a 10% tax on oil from the US
China will impose duties on American goods from February 10 in response to US tariffs. This was announced on Monday, February 4, by the State Council of the People's Republic of China.
In particular, coal and liquefied natural gas (LNG) will be subject to a duty of 15%, and tariffs of 10% will be imposed on U.S. oil, multi-liter cars, pickup trucks and agricultural machinery, Reuters writes with reference to the State Council.
The 10% taxes, which were imposed by the United States against China earlier, went into effect on February 4 at 00:01 East Coast time (8:01 Moscow time).
Earlier, on February 3, US President Donald Trump decided to postpone the introduction of duties on goods from Canada for at least 30 days after a telephone conversation with Canadian Prime Minister Justin Trudeau.
On the same day, White House National Economic Council Director Kevin Hassett said the tariffs Trump imposed 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 that Trump imposes on imports of goods from China and Mexico will lead to an increase in consumer prices in the United States itself.
Переведено сервисом «Яндекс Переводчик»
