Close Menu
Chronicle NG
    Trending Stories
    Daniel Bwala, Special Adviser to the President, has dismissed criticism over his appearance on Al Jazeera's Head to Head program.

    Bwala defends ’embarrassing’ outing on Al Jazeera interview

    March 8, 2026
    Trump receives bodies of US soldiers killed in Iran war

    Trump receives bodies of US soldiers killed in Iran war

    March 8, 2026
    Marmoush stars as Man City join Chelsea, Arsenal in FA Cup last eight

    Marmoush stars as Man City join Chelsea, Arsenal in FA Cup last eight

    March 8, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Bwala defends ’embarrassing’ outing on Al Jazeera interview
    • Trump receives bodies of US soldiers killed in Iran war
    • Marmoush stars as Man City join Chelsea, Arsenal in FA Cup last eight
    • Netanyahu promises to carry on Iran war ‘with all our force’
    • CBN says 30 banks meet new minimum capital requirements
    • Obi officially registers with ADC
    • Why DisCos switch off power during heavy rain
    • Tinubu says Nigeria will defeat insecurity, hails military sacrifice
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Sunday, March 8
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    Trump Tarrifs: China retaliates with 10% on US crude, 15% on LNG

    Opalim LiftedBy Opalim LiftedFebruary 4, 2025No Comments3 Mins Read
    Facebook Twitter Telegram WhatsApp
    China warns US, stop interfering in Nigeria’s affairs
    President Xi Jinping of China
    Facebook Twitter WhatsApp

    The People’s Republic of China (PRC) has imposed a 15 percent tariff on coal and liquefied natural gas (LNG) imports from the United States as retaliation for the Donald Trump administration’s economic sanctions.

    On February 2, the US president signed economic orders imposing significant new tariffs on Canada, Mexico, and China.

    According to the Trump administration, the tariffs are aimed at curbing the inflow of drugs and undocumented immigrants.

    China’s commerce ministry had said it would file a complaint with the World Trade Organization (WTO) and “take corresponding countermeasures”.

    The ministry said tariffs are “not constructive” and will only “undermine” work done by both nations to combat narcotics.

    In a statement on Tuesday, the ministry announced the imposition of a 10 percent tariff on US crude oil and heavy machinery.

    The ministry said the tariffs would take effect on February 10.

    • Trump pauses tariffs on Mexico, Canada; China tariffs set to begin 

    The Chinese government also announced a list of new export controls including tungsten-related materials, typically used in industrial and defense applications, as well as materials linked to tellurium, which can be used to make solar cells.

    “On February 1, 2025, the US government announced that it would impose a 10% tariff on all Chinese goods exported to the US on the grounds of fentanyl and other issues,” the statement reads.

    “The US’s unilateral imposition of tariffs seriously violates the rules of the World Trade Organization.

    “It is not only unhelpful in solving its own problems, but also undermines the normal economic and trade cooperation between China and the US.

    “In accordance with the Tariff Law of the People’s Republic of China, the Customs Law of the People’s Republic of China, the Foreign Trade Law of the People’s Republic of China, and other laws and regulations and the basic principles of international law, and with the approval of the State Council, additional tariffs will be imposed on some imported goods originating from the United States starting from February 10, 2025.

    “The relevant matters are as follows: A 15% tariff will be imposed on coal and liquefied natural gas.

    “2. A 10% tariff will be imposed on crude oil, agricultural machinery, large-displacement cars, and pickup trucks.

    “3. For the imported goods listed in the appendix originating from the United States, corresponding tariffs will be levied on the basis of the current applicable tariff rates.

    The ministry added that “the current bonded and tax reduction and exemption policies remain unchanged, and the additional tariffs will not be reduced or exempted”. 

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Daniel Bwala, Special Adviser to the President, has dismissed criticism over his appearance on Al Jazeera's Head to Head program.

    Bwala defends ’embarrassing’ outing on Al Jazeera interview

    Trump receives bodies of US soldiers killed in Iran war

    Trump receives bodies of US soldiers killed in Iran war

    Netanyahu pledges support for persecuted Christians in Nigeria

    Netanyahu promises to carry on Iran war ‘with all our force’

    CBN says 30 banks meet new minimum capital requirements

    CBN says 30 banks meet new minimum capital requirements

    2027 votes must count, Obi warns election officials against rigging

    Obi officially registers with ADC

    Why DisCos switch off power during heavy rain

    Why DisCos switch off power during heavy rain

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Daniel Bwala, Special Adviser to the President, has dismissed criticism over his appearance on Al Jazeera's Head to Head program.

    Bwala defends ’embarrassing’ outing on Al Jazeera interview

    March 8, 2026
    Trump receives bodies of US soldiers killed in Iran war

    Trump receives bodies of US soldiers killed in Iran war

    March 8, 2026
    Marmoush stars as Man City join Chelsea, Arsenal in FA Cup last eight

    Marmoush stars as Man City join Chelsea, Arsenal in FA Cup last eight

    March 8, 2026
    Netanyahu pledges support for persecuted Christians in Nigeria

    Netanyahu promises to carry on Iran war ‘with all our force’

    March 7, 2026
    CBN says 30 banks meet new minimum capital requirements

    CBN says 30 banks meet new minimum capital requirements

    March 7, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.