China countered U.S. President Donald Trump's tariffs on Chinese products with tariffs of its own on multiple U.S. imports.
The slew of measures cuts across different sectors of the economy, from energy to individual U.S. companies. China said it would implement a 15% tariff on coal and liquefied natural gas products as well as a 10% tariff on crude oil, agricultural machinery and large-engine cars imported from the U.S.
A state broadcaster on CCTV, quoting the Ministry of Commerce, said “the U.S. imposition of tariffs on Chinese products seriously violates World Trade Organization rules, has a bad nature and is a typical unilateralism and trade protectionism practice." China is the world's largest importer of liquefied natural gas, with its top suppliers being Australia, Qatar and Malaysia.
The U.S., which is the biggest exporter of LNG globally, does not significantly export LNG to China. The Commerce Ministry also placed two American companies on an unreliable entities list: PVH Group, which owns Calvin Klein and Tommy Hilfiger, and Illumina, which is a biotechnology company with offices in China.
The listing bars them from engaging in China-related import or export activities and from making new investments in the country.
Trump pauses tariffs on Canada imports for 30 days
President Donald Trump also held off on his tariff threats against Mexico and Canada for 30 days after the two U.S. neighbors agreed to boost border security efforts.
Trump on Saturday had directed that 25% tariffs on most imports from the two American partners — and 10% on Canadian energy products — go into effect at midnight Tuesday. The two nations threatened retaliation of their own, raising the prospects of a broader regional trade war.
In a statement on X, Canadian Prime Minister Justin Trudeau said that on a call with Trump he pledged additional cooperation on border security. It follows similar moves by Mexico earlier Monday.
Canadian Prime Minister Justin Trudeau posted Monday afternoon on X that the pause would occur “while we work together,” saying that his government would name a fentanyl czar, list Mexican cartels as terrorist groups and launch a “Canada-U.S.
Joint Strike Force to combat organized crime, fentanyl and money laundering.” The pause followed a similar move with Mexico that allows for a period of negotiations over drug smuggling and illegal immigration.
The 10% tariff that Trump ordered on China is still set to go into effect as scheduled on Tuesday, though Trump planned to talk with Chinese President Xi Jinping in the next few days.
