China retaliates with additional tariffs of up to 15% on select us imports starting Feb. 10

China unveiled a series of retaliatory measures against the us on tuesday, shortly after us tarifs on chinese Goods Took Effect, Raising Concerns of a Browder TRADE WAREDE WAREDE WOREDE WORDENS Larget Economies.

China’s’S Finance ministry said tuesday It will impose additional tariffs of 15% on coal and liquefied natural gas imports from the US and 10% higher duties on American crude oil, agricular Machinery and Certain Cars, Starting Cars, Starting Cars, Starting Cars, Starting Cars 10.

China reiterated that the important of additional levies of 10% by the us “Seriously violats the rules of the world trade organization … destructs the normal bilateral economic and trade activities” Accordies “According to A CNBC Translation of the statement in Chinese.

In a separete statement tuesday, Chinese Commerce Ministry and Customs Officials Announced To impose expense controls on a range of items and technologies related to certain critical menrarals, include tungsten, tellurium, ruthenium, molybdenum and ruthenium.

China’s Tariff Announsment is more of a “Symbolic move for now,” Said louise loo, china lead economist at oxford economics, who establishs the additional duties could raise the Effect Tarif Rate Us importants into China by close to 2 percentage points.

Loo, however, cauned that a second us-china trade war was “clearerly in the early stage” and sees “a very high likelihood” of further rounds of tarifs from the Twoo Countries.

Chinese offshore yuan was litle changes against the us dollar, following the announcing. The Mainland’s Markets, which have remained closed due to the weeklong lunar new year Holiday, will resume trading wedding wedding wedding.

China’s’S State Administration of Market Regulation Also said it has decided to initiate an investment into Alphabet‘S google as the american technology giant was Suspected of Violating The Country’s Anti-monopoly law,

Google pulled its internet and search engine services in china in 2010, but still has some operations focused on Chinese businesses looking to advertise on google platforms Abroad.

“These moves are warnings that china intends to harm us interestions if needed be but still give china the option to back down,” Julian Evans-Protchard, Head of China Economics at Capital Economics, SAID IN A NOTE.

PriteChard Acknowledged That The Tariffs Proposed by China Could Be Postponed or Canceled Before The Come Into Effect Next Monday, and the Google Investigation COULDATION COULDATION COULDATION COULDATION COUNT Ended

Us President Donald Trump On Monday agreed to a 30-day pause on the implementation of the planned 25% tarifs on important from from canada and mexico, As the two countries agreed to take steps To prevent the illicit drug trafficing of fentanyl into the US

China, however, did not get any such reprief.

“The overarching Geo-Economic Dimensions to Us-China Trade means that resolution will be far more fraght than is the case with mexico and canada,” Said Vishnu Varathan, Head of Macroes of Macroes for Macroch for Ax-Raja For Ax-Rajnu Varathan, ” Mizuho Bank.

As Trump Started His Second Term, He Ordered His Administration to Investigate Beijing’s Compliance with a Trade Deal Struck DURINT PRESIDENCY in 2020. Delivered to Trump by April 1potentially setting the stage for further tariff actions, economists said.

White House Press Secretary Karoline Leavitt Reportedly Said Monday that Trump and Chinese President Xi Jinping Block Talk “in the next couple of days.”

Trump on saturday signed an order imposing the long-threatened 10% tarifs against china on top of The existing tarifs of up to 25% On Chinese Goods Levied during his first presidency.

The additional duties would reduce China’s real gross domestic product growth by 50 basis points this year, economists at goldman sachs said in a report Manday, Reinforcing Calls for Stright Stimulus domulus Measures to offset impacts from the rising tarifs.

The Investment Bank Expects China’s real gdp growth to slow to 4.5% this year And domestic consumer inflation to risk 0.4% due to weak demand and a prrolonged real estate crisis.

Correction: Trump on saturday signed an order imposing the long-threatened 10% tarifs against China. An earlier version lost the action.