China will slap a 5 per cent tariff on crude oil from the United States from September 1. Photo: Reuters
China adds crude oil to tariffs list for first time in targeted retaliation against US
- Beijing will also resume imposing duties on American cars in what observers say is a restrained but focused response to latest US tariffs
- State media commentary says it was designed to ‘inflict pain on the US manufacturing sector’ and rattle US financial markets
Topic |
US-China trade war
China will slap a 5 per cent tariff on crude oil from the United States from September 1. Photo: Reuters
Trump did not explain how or when US companies would be expected to comply with his order to find “an alternative to China”. Photo: Shutterstock
China pledges to fight trade war ‘to the end’ and hits back at Donald Trump’s ‘barbaric’ tariffs
- US president reacts to Beijing’s latest move by stepping up tariffs and lashing out at ‘enemy’ Xi Jinping in flurry of tweets
- Communist Party mouthpiece says country has the strength to continue and warns the will to defend its core interests is ‘indestructible’
Topic |
US-China trade war
Trump did not explain how or when US companies would be expected to comply with his order to find “an alternative to China”. Photo: Shutterstock