
China strikes back at US tariffs with countermeasures, Google probe
Deccan ChronicleChina countered President Donald Trump's across-the-board tariffs on Chinese products with tariffs on select US imports Tuesday, as well as announcing an antitrust investigation into Google and other trade measures. This time, analysts said, China is much better prepared to counter, with the government announcing a slew of measures that cut across different sectors of the economy, from energy to individual U.S. companies. Counter tariffs China said it would implement a 15% tariff on coal and liquefied natural gas products as well as a 10% tariff on crude oil, agricultural machinery and large-engine cars imported from the U.S. Putting these U.S. companies on the unreliable entities list is “alarming" because it shows that the Chinese government is using the list to pressure U.S. companies to take a side, said George Chen, managing director for The Asia Group, a Washington D.C.-headquartered business policy consultancy.
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