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