Summary

China’s retaliatory tariffs on U.S. goods take effect on February 10, escalating trade tensions. This follows new 10% U.S. tariffs on all Chinese products imposed on February 4.

Beijing will impose a 15% tax on U.S. coal and liquefied natural gas and a 10% tariff on crude oil, agricultural machinery, and large-engine cars.

China also launched an anti-monopoly probe into Google and restricted rare metal exports.

China has challenged U.S. tariffs at the WTO, but a ruling is unlikely soon.