China's retaliatory tariffs on $14 billion worth of US goods now in effect

Minutes after the US imposed 10% tariffs on Chinese imports last week, Beijing responded by launching an antitrust investigation into Google. China’s finance ministry also announced new tariffs on American goods including a 15% levy on coal and liquefied natural gas and a 10% tariff on crude oil, farm equipment, large-displacement vehicles and pickup trucks.

China’s Retaliatory Tariffs on $14 Billion in US Goods Now in Effect

In tit-for-tat to US President Donald Trump’s tariff threats, China has imposed retaliatory tariffs on approximately $14 billion worth of US goods, escalating the trade war between the world’s two largest economies, the Financial Times reported.

Unlike the blanket tariffs imposed by the US, China’s countermeasures—ranging from 10% to 15% levies—target key American exports, including liquefied natural gas, coal, crude oil, farm equipment and certain automotive products. Analysts view Beijing’s approach as leaving room for potential negotiations to prevent a broader trade war.

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China's retaliatory tariffs on $14 billion worth of US goods now in effect

Minutes after the US imposed 10% tariffs on Chinese imports last week, Beijing responded by launching an antitrust investigation into Google. China’s finance ministry also announced new tariffs on American goods including a 15% levy on coal and liquefied natural gas and a 10% tariff on crude...

www.firstpost.com

 

[Ronnie]

40 Banks in China closed due to Trump Tariffs.

https://x.com/indianagpa/status/1920280717549826539?s=46

 

[Tall Timbers]

Import Prices Signal Low Inflation, China Reducing Prices To Fend Off Tariffs​

U.S. import prices were unchanged in May, the Labor Department reported Tuesday, offering fresh evidence that inflationary pressure from global supply chains remains muted—even as tariffs rise and trade tensions persist.

The import price index, which measures prices at the border before duties and other tariffs are applied, showed no change from April and is up just 0.2 percent from a year earlier. The data provide a clean view of what foreign suppliers are charging American buyers, excluding any policy-driven price effects.

Prices for imported fuel fell 4.0 percent in May and are down 15.7 percent year-over-year, led by declines in petroleum and natural gas. Excluding fuel, import prices rose 0.3 percent in May and are up 1.7 percent from last year. Increases were led by nonfuel industrial supplies, capital goods, and consumer goods, including pharmaceuticals and autos.

The index excludes tariffs, so it reflects the prices foreign exporters charge before duties are applied. That means the data do not directly show if trade policy is contributing to inflation. But the data show no sign of generalized inflation in prices, suggesting that fears that higher inflation could result by making consumers less price sensitive or pushing up inflation expectations have not been borne out.

Import Prices Signal Low Inflation, China Reducing Prices To Fend Off Tariffs

Pre-tariff measures show subdued cost pressures despite trade tensions. | Economy

www.breitbart.com

 

[Ronnie]

 

[Hol]

U.S. import prices were unchanged in May, the Labor Department reported Tuesday, offering fresh evidence that inflationary pressure from global supply chains remains muted—even as tariffs rise and trade tensions persist.

God is still blessing the good ol’ USA