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With the US imposing tariffs on all Chinese goods, China has announced retaliatory tariffs on some US goods. China has imposed a 15 percent import tax on American coal and liquefied natural gas.
Crude oil, agricultural machinery, pickup trucks and some sports cars have been taxed at 10 percent. It is said that the new tax will start from next Tuesday morning .
After Trump's move, China said that no one will win the trade war. China said it would impose retaliatory tariffs and file a case with the World Trade Organization. Beijing says that the American move will damage the normal economic and trade cooperation between the two countries.
China says that America should correct its 'erroneous concept' and solve the problem with the Chinese side on the basis of 'equality, mutual benefit and mutual respect'.
Earlier, the Trump administration announced a 25 percent tax on imports from Canada and Mexico. But after negotiations with Canada and Mexico, the tax has been suspended for one month, according to the Trump administration.
