February 4, 2025 5:05 PM

China hits back with tariffs on US goods after Trump imposes new levies

China on Tuesday imposed tariffs on some U.S. imports in swift retaliation to new U.S. duties on Chinese goods, escalating the trade conflict between the world's two largest economies, even as President Donald Trump offered reprieves to Mexico and Canada. The additional 10% tariff across all Chinese imports into the U.S. went into effect at 12:01 a.m. ET on Tuesday (0501 GMT) after Trump repeatedly warned Beijing that it was not doing enough to halt the flow of illicit drugs into the United Sta...