China Imposes Tariffs on US Imports

The State Council of the PRC introduces tariffs on imports of US energy resources starting February 10, 2025.

According to foreign media reports, oil will be subject to a 10% tariff, while coal and LNG will face a 15% tariff, as stated in the State Council decree.

Additionally, American large-engine vehicles, pickup trucks, and agricultural machinery will be subject to a 10% tariff.