acf domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/ecg/ecgassociationdev/wp-includes/functions.php on line 6121POLITICO — 2025-02-04
Automotive Industry
Chinese measures won’t take effect until 10 February 2025, leaving Donald Trump and Xi Jinping time to defuse their growing trade war.
Beijing struck back on Tuesday after US President Donald Trump imposed 10% tariffs against China, announcing levies of 15% on US liquefied natural gas and coal, and 10% on crude oil, farm equipment and some autos.
Beijing also set further export controls on rare metals, and announced an anti-monopoly investigation into Google, the search engine owned by Alphabet, and a number of other US companies.
The Chinese measures will take effect on 10 February 2025, leaving time for Trump to talk to President Xi Jinping about how to avoid further trade escalation. The US president on Monday suspended higher tariffs against Canada and Mexico for 30 days after Prime Minister Justin Trudeau and President Claudia Sheinbaum pledged action to shore up US border security.
While the US has applied tariffs across the board for Chinese goods, China’s response was cautious in comparison, only applying levies to specific imports.
Beijing also filed a complaint to the World Trade Organization (WTO), invoking its dispute settlement procedure.
“The US’s unilateral imposition of tariffs seriously violates the rules of the World Trade Organization,” read a statement from the finance ministry. “It is not only unhelpful in solving its own problems, but also damages the normal economic and trade cooperation between China and the US”
Trump told reporters in the Oval Office on Monday, 4 February 2025, that his trading partners want to avoid US tariffs, and “in all cases, they all want to make deals.”