this post was submitted on 04 Feb 2025
138 points (99.3% liked)

World News

36865 readers
677 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
Rumblestiltskin@lemmy.ml
AgreeableLandscape@lemmy.ml
jackmarxist@lemmy.ml
zephyreks@lemmy.ml
OurToothbrush@lemmy.ml
138
China hits back at Trump with 15% tariffs on U.S. coal and LNG — Axios (www.axios.com)
submitted 5 months ago by Alsephina@lemmy.ml to c/worldnews@lemmy.ml
5 comments fedilink hide all child comments
 

China's finance ministry announced the measures in response to 10% tariffs on Chinese products imposed by President Trump's administration, which took effect Tuesday.

China's government would impose 15% tariffs on U.S. coal and LNG starting this coming Monday, per a finance ministry statement.U.S. crude oil, agricultural machinery, large-displacement cars and pickup trucks would face 10% tariffs.

The U.S. Chamber of Commerce has said tariffs "will only raise prices for American families and upend supply chains."China's government said Trump's action "seriously violates the rules of the World Trade Organization" and it's announced plans to file a legal complaint with the WTO.

The WTO's dispute system has been hampered since 2019 when the first Trump administration blocked the appointment of judges.

Archive link

top 5 comments
sorted by: hot top controversial new old
[–] Ghostalmedia@lemmy.world 46 points 5 months ago

Honestly, they should leave those fossil fuel tariffs in place indefinitely. Don’t threaten me with a cleaner environment.

[–] eldavi@lemmy.ml 24 points 5 months ago (1 children)

i wish that the article spent some time explaining what the impacts are since china gets so much of coal and lng internally.

[–] context@hexbear.net 12 points 5 months ago

good call. reuters is providing a bit of that:

China's total LNG imports have been averaging around 6.5 million tons a month recently, meaning the U.S. is supplying in a range between 4% and 12% of the total.

Official customs data showed China's total coal imports averaged 45.2 million tons per month in 2024, making the U.S. little more than a fringe supplier.

https://www.reuters.com/business/energy/china-kills-energy-trade-with-us-initial-impact-is-limited-russell-2025-02-04/

[–] HiddenLayer555@lemmy.ml 10 points 5 months ago* (last edited 5 months ago)

Canada should sell to China what we currently sell to the US

[–] PanArab@lemmy.ml 3 points 5 months ago

Good news for Qatar