New Delhi, Feb. 5 -- Within days of the US declaring a 10% extra tariff on imports from China, Beijing has retaliated with announcements of its own that will make US shipments to the People's Republic costlier. American coal and LPG will now face 15% tariffs and a 10% levy will apply on US crude oil, farm equipment and certain vehicles. In addition, Beijing is targeting US businesses, such as Google, which faces an antitrust probe. Google has long been blocked in China, but still has ad operations there. Beijing also imposed some export controls.
The message is clear: It won't buckle under pressure.
Earlier, Canada and Mexico struck deals with President Donald Trump, who held off tariffs by a month in return for assurances on his border...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.