Earlier this week, China’s tariffs on some US products came into effect, in response to the 10% increase in tariffs that the Trump administration imposed on all Chinese products, starting on February 1st.

China created a 15% tariff on coal and Liquefied Natural Gas (LNG) and a 10% tariff on crude oil, agricultural machinery, cars with large engines and pickup trucks.

On February 4, Xi Jinping’s government filed a lawsuit against the US government’s tariff imposition with the World Trade Organization’s dispute settlement mechanism.

China has also implemented export controls on five metals: tungsten, tellurium, bismuth, molybdenum, and indium.

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