China retaliates with tariffs in response to US trade war

China hits back with sanctions

China has retaliated with harsh sanctions after the US imposed 10 per cent tariffs on its goods, including imposing tariffs on American crude oil, agricultural machinery, cars, and more.

Room for talks

Despite the retaliation, there may be room for talks, similar to Trump's dealings with Canada and Mexico, as China's tariffs won't take effect until February 10.

Trump's tariff tactics

President Trump sees the tariffs as necessary to combat issues like the drug fentanyl and what he calls the "ripoff of America," hinting that higher tariffs could follow if China doesn't comply.

Trade war averted with Canada and Mexico

Trump managed to avoid a trade war with Canada and Mexico by pausing tariff plans and securing agreements to strengthen borders and combat issues like illegal immigration and drug trafficking.

EU also in the crosshairs

Trump also criticized the European Union and warned of potential tariffs on goods from its member states, citing trade imbalances and unfair practices.

Overall, the trade landscape remains volatile as countries navigate tariffs and negotiations to protect their interests.