China has swiftly responded to U.S. President Donald Trump's announcement of new tariffs on steel and aluminum imports by imposing tit-for-tat duties on U.S. imports. This move marks a return to the trade tensions that characterized Trump's first term in office and continued into the early days of his successor, Joe Biden.
Less than a month after taking office in January, Trump imposed 10% tariffs on all Chinese imports, which is expected to impact prices on various consumer goods. In retaliation, China implemented 15% duties on coal and liquefied natural gas products, along with a 10% tariff on crude oil, agricultural machinery, and large-engine cars imported from the U.S.
