Breaking News
China reciprocate, imposes 15% tarrifs on US coal, LNG
Trump won November’s presidential election promising to slap high tariffs on foreign goods. He previously implemented a number of duties during his first term tenure from 2017 to 2021.
China will introduce tariffs of 15 per cent on imports of liquefied natural gas (LNG) products and coal from the United States in response to US tariffs.
The Ministry of Finance in Beijing announced on Tuesday.
According to the ministry, a 10 per cent tariff will also be applied to oil and agricultural machinery imported from the U.S., in measures set to come into force on February 10.
In addition, Beijing announced an antitrust investigation into U.S. technology giant Google.
U.S tariffs of 10 per cent on all Chinese imports were due to take effect shortly after midnight on Tuesday Washington time (0500 GMT), after U.S. President Donald Trump ordered the measures on Saturday.
U.S tariffs on goods from Canada and Mexico, also announced by Trump on Saturday, were suspended for a month shortly before they were due to kick in following agreements between the U.S. and its two neighbors. There was initially no such agreement with China.
Earlier on Monday, Trump did say that talks with the Chinese side would take place within 24 hours.
Trump won November’s presidential election promising to slap high tariffs on foreign goods. He previously implemented a number of duties during his first term tenure from 2017 to 2021.
NAN
Africa’s Mining Industry: New Opportunities for Cooperation with Russia and China -By Kestér Kenn Klomegâh
The Chinese delegation played a significant role in the event. Participants included Sun Yongjun, First Secretary of the Embassy of...
The Yerima Effect: How A Naval Officer’s Stillness Destroyed Wike’s Political Weapons, Collapsed His Judicial Shield, And Taught A Young Democracy To Stop Fearing Strong Men -By Prof. John Egbeazien Oshodi
The Ministry of Defence publicly defended the officer, not Wike. They stated clearly that Yerima acted within lawful authority. That...
Aso Rock and Kitoye Ajasa’s Lickspittle Press -By Festus Adedayo
To demonstrate their opprobrium for Ajasa’s leaflet, the Nigerian Pioneer newspaper, the people scoffed at it on the newsstand. To Ajasa’s contemporaries, his...
Ijebu-Jesa Grammar School at 70! (2) -By Abiodun KOMOLAFE
The truth we ignore is that Nigerian parents are no longer holding public education in high regard as they once...
Should Religious Identities Define Our Tragedies? Part II –By Matthew Ma
While external military intervention is often considered vital during crises, achieving lasting peace requires a comprehensive approach that extends far...