China retaliates against new US tariffs

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China has unveiled strong retaliatory measures against the United States as US President Donald Trump’s decision to levy a 10 per cent tariff on Chinese goods took effect on February 4, 2025. Beijing announced it would impose punitive tariffs of 10 to 15 per cent on some US products from February 10. China also unveiled a range of export controls on key minerals and launched an anti-monopoly investigation into US tech giant Google. As the two countries braced for a renewed trade war, some analysts warned that e-commerce businesses could be hit hardest by the latest measures.

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