China to Levy Tax on Some Commodities Imported From US

Feb 04, 2025 by Bloomberg
image is BloomburgMedia_SR57M1T0AFB400_04-02-2025_05-30-53_638742240000000000.jpg

China will impose tariffs on some products imported from the US including oil and liquefied natural gas.

The country will impose a 10% tariff on oil and agriculture machinery, as well as 15% on coal and LNG, the Finance Ministry said in a statement on Tuesday. The move is in retaliation to US measures against China.

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By Stephen Stapczynski

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