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Fortune
Fortune
Lionel Lim

China hits back at Trump’s tariffs with an antitrust investigation into Google and a new 15% tax on U.S. coal and gas

(Credit: Anna Moneymaker—Getty Images)

U.S. President Donald Trump fired the “opening salvo” of his second trade war on Tuesday as a new 10% levy on Chinese goods came into effect. 

Beijing retaliated soon after. China will impose a 15% tariff on imports of U.S. coal and liquefied natural gas, and a 10% tariff on crude oil, agricultural machinery, large engine cars, and pickup trucks, according to a statement from the Ministry of Finance.

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