China struck back yesterday against President Trump’s 10 percent tariffs on all Chinese products with tariffs of its own on U.S. coal and gas, as well as restrictions on exports of some minerals.
The measures will take effect on Monday, according to the Chinese government, meaning there is still time for negotiations.
The White House press secretary said a call between Trump and China’s leader, Xi Jinping, would happen soon. China’s tariffs would cover about $20 billion of U.S. exports, compared with Trump’s tariffs on more than $450 billion of Chinese goods, economists estimated. The Chinese authorities also started an antitrust investigation into Google.
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