From 10 February, China will charge a 15% border tax on imports of US coal and liquefied natural gas products. There is also a 10% tariff on American crude oil, agricultural machinery and large-engine cars.
Last week, Chinese authorities launched an anti-monopoly probe into technology giant Google, while PVH, the US owner of designer brands Calvin Klein and Tommy Hilfiger, was added to Beijing’s so-called “unreliable entity” list.
China has also imposed export controls on 25 rare metals, some of which are key components for many electrical products and military equipment.
Speaking on Friday during a meeting at the White House with Japanese Prime Minister Shigeru Ishiba, Trump threatened to impose new tariffs on imports from more trading partners.
“I’ll be announcing that, next week, reciprocal trade, so that we’re treated evenly with other countries,” Trump said.
The move would fulfil an election campaign pledge to levy tariffs at the same rates that are imposed on US goods.
He also said import taxes for vehicles remained on the table after reports that he was considering exemptions to universal tariffs.
Trump has repeatedly complained that European Union (EU) tariffs on imports of American cars are much higher that US levies.
Last week, Trump told the BBC that tariffs on EU goods could happen “pretty soon” – but suggested a deal could be “worked out” with the UK.
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