
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.