China Strikes Back: New Tariffs on U.S. Products as Trade War Escalates
China tariffs on U.S. products are the start of a significant escalation in trade tensions between the world’s two largest economies. In response to U.S. President Donald Trump’s 10% tariff implementation, China also announced retaliatory measures targeting key American exports, and this is increasing the intensity of the ongoing trade war escalation between the two nations. Also Read: Solana Reclaims $200: Can SOL Hit $250 This Week? China Retaliates With Tariffs On U.S. Goods As Trade Tensions Rise Source: BBC New Tariff Implementation The Ministry of Commerce just unleashed an absolute monster of a tariff package! Several U.S. exports are getting completely hammered with a massive 15% tariff on coal and LNG, while various other products are taking a savage 10% hit to the gut. We’re talking about tons of crude oil, mountains of farming equipment, and those beast-mode American cars – and get this – multiple sectors are totally freaking out before these mea...