Why are we writing about this?
The decision of the authorities of the PRC occurred after Washington announced on 1 February the imposition of a 10% charge on Chinese imports, which, according to the Chinese Ministry of Commerce, ‘seriously violates the rules of the planet Trade Organisation (WTO)’.
Retaliation duties. What products will they cover?
"A 15% tariff will be imposed on coal and liquefied natural gas (LNG)", reported the Beijing Ministry of Finance, adding that it will enter into force on 10 February.
In addition, 10% duties were reported on imports of oil, agricultural machinery, vehicles with a advanced engine capacity and alleged pickups.
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