China has imposed targeted tariffs on US imports and put several companies, including Google, on notice for possible sanctions, in a measured response to the sweeping duties on Chinese imports imposed by President Donald Trump.
These retaliatory tariffs come after tariffs on Chinese imports into the US came into effect.No phone call between US president Donald Trump and Chinese leader Xi Jinping after the countries slapped tariffs on each other's economies.
It was unclear when Mr Trump and Chinese President Xi Jinping would speak, a step seen as critical to potentially defusing the situation. The Wall Street Journal, however, cited a US official saying the two presidents would not speak on Tuesday.Reuters: Carlos BarriaBeijing's limited reply to Mr Trump's imposition of a 10 per cent tariff on all Chinese imports underscored the attempt by Chinese policymakers to engage Mr Trump in talks to avert an outright trade war between the world's two largest economies.
Mr Trump on Monday suspended his threat of 25 per cent tariffs on Mexico and Canada, agreeing to a 30-day pause in return for concessions on border and crime enforcement. "Illumina has a long-standing presence in China … Wherever Illumina operates, we comply with all laws and regulations," an Illumina spokesperson said in an email.China's duty tax on electric trucks could apply to Elon Musk's CybertruckChina said it was imposing export controls on some metals, including tungsten, that are critical for electronics, military equipment and solar panels.
China has called fentanyl America's problem and said it would challenge the tariffs at the World Trade Organization and take other countermeasures, while leaving the door open for talks.Reuters: Elizabeth FrantzThe US is a relatively small source of crude oil for China, accounting for 1.7 per cent of its imports last year.
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