Beijing has decided. After warning of countermeasures and pushing Washington to engage in talks and “meet China halfway” for days, it has made the decision to strike back, or at the very least, threaten to do so with its own tariffs.
China announced that starting on February 10, it would impose a 10% duty on crude oil, agricultural equipment, and large-engine automobile imports from the United States, as well as a 15% tax on coal and liquefied natural gas products.
The date matters. It indicates that there is still time for the two biggest economies in the world to avoid a trade war.
The White House says the two presidents will speak later this week, and despite today’s declaration, there are indications that China is
