Updated: China hits back with retaliatory tariffs on US products

After US president Donald Trump issued executive orders to place 25% tariffs on Mexican and Canadian imports (now delayed) and 10% on Chinese goods (starting February 4); China has now retaliated with tariffs on US coal, gas, crude oil and more.

Andrew Tjaardstra

February 03, 2025

After weeks of speculation, US president Donald Trump, on Saturday February 1, placed sweeping tariffs on Mexican, Chinese and Canadian goods entering the US. The tariffs begin on Tuesday, February 4, and will likely spark a global market sell-off and investors fear the start of a global trade war.

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