Beijing

Beijing has responded to recent US tariff announcements with measured countermeasures, signaling both resistance and openness to negotiation. The Chinese government announced plans to implement a 15% tariff on coal and liquefied natural gas, alongside a 10% tariff on crude oil, agricultural machinery, and large-engine cars imported from the US, effective February 10. The timing appears strategic, allowing room for diplomatic engagement before implementation. A planned call between the two leaders this week, confirmed by the White House, suggests potential for dialogue despite the escalating tensions. China's response appears calculated, targeting specific sectors rather than matching Trump's broader 10% levy on all Chinese imports. The impact on US natural gas exports may be limited, as China represents only 2.3% of America's global LNG exports, while its major vehicle imports come primarily from Europe and Japan. The current situation echoes previous […]