Trade War looms as China hits back at Trump tariffs with probe into Google
In addition to China’s retaliation to U.S.’s tariffs, the country has also launched an investigation into Google, suspecting it violate anti-monopoly.
Trade War looms as China hits back at Trump tariffs with probe into Google
China did not immediately respond to Trump’s tariffs on the country’s importation in the United States hours the tax policy law was signed. On Sunday, China’s Ministry of Commerce stated it would take “corresponding countermeasures to firmly safeguard its rights and interests”. The ministry also said it would challenge the tariffs at the World Trade Organization. However, that seems not to be the case now. Immediately Trump’s tariffs took effect in China at 12:01 (ET 0501 GMT) Tuesday morning, China's Finance Ministry retaliates with a 15% tariffs for U.S.'s coal and liquefied natural gas and a 10% tariffs for U.S.'s crude oil, farm equipment and some autos. According to the announcement by the Ministry, the new tariffs will be effective on February 10, 2025. This is a beginning of a new trade war between the world's top two economies as President Donald Trump sought to punish China for not preventing the illegal importations of illicit drugs into the U.S. Recall that Ca…
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Temmy Samuel is a seasoned journalist with extensive experience in consumer tech, economy, finance, business, money and politics. Currently, he’s studying Accounting at the Federal University of Oye-Ekiti.
