Close Menu
    • Home
    • Contact Us
    Dubai RecordDubai Record
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Dubai RecordDubai Record
    Home » China adds U.S. firms to blacklist in retaliation for Trump tariffs
    Business

    China adds U.S. firms to blacklist in retaliation for Trump tariffs

    February 4, 2025
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    China has announced retaliatory economic measures against the United States following the implementation of 10% tariffs on Chinese imports by the administration of U.S. President Donald Trump. The new Chinese tariffs, set to take effect on February 10, include a 15% duty on certain types of coal and liquefied natural gas, as well as a 10% tariff on crude oil, agricultural machinery, large-displacement cars, and pickup trucks.

    China adds U.S. firms to blacklist in retaliation for Trump tariffs

    In addition to the tariffs, China’s Ministry of Commerce and customs authorities introduced new export controls on over two dozen metal products and related technologies. Among the restricted materials are tungsten, a key industrial and defense mineral, and tellurium, which is used in solar cell production. The Ministry of Commerce further announced that two American firms, biotech company Illumina and fashion retailer PVH Group, the parent company of Calvin Klein and Tommy Hilfiger, have been added to China’s unreliable entities list, citing violations of standard market trading principles.

    Simultaneously, China’s State Administration for Market Regulation initiated an antitrust investigation into Google for suspected violations. Although Google’s search engine is unavailable in China, the move signals Beijing’s broader response to Washington’s escalating trade actions. The measures were unveiled as the U.S. tariffs covering more than $450 billion in Chinese goods went into effect.

    Economic analysts suggest that Beijing’s countermeasures are calibrated to send a political message while minimizing economic damage. According to Julian Evans-Pritchard of Capital Economics, the newly imposed tariffs target approximately $20 billion worth of U.S. imports, representing around 12% of the total annual trade volume between the two countries. This is significantly lower than the scale of Washington’s tariffs on Chinese goods.

    Beijing has also taken steps on the diplomatic front, filing a formal complaint with the World Trade Organization (WTO). In a statement, China’s Ministry of Commerce accused the U.S. of undermining the multilateral trading system, destabilizing global supply chains, and violating the principles of economic cooperation. Chinese officials vowed to pursue additional countermeasures if necessary. The retaliatory measures come amid broader geopolitical tensions between Washington and Beijing, with trade imbalances, technology disputes, and concerns over fentanyl exports factoring into the strained relationship.

    Trump linked the tariffs to China’s alleged role in supplying precursor chemicals for fentanyl production, a claim Beijing has consistently denied. The White House had also recently announced tariffs on Mexican and Canadian imports, though those were paused following negotiations with their respective leaders. While Beijing’s response signals its willingness to push back against Washington, it has also left room for potential trade negotiations. Trump, who had earlier threatened tariffs of up to 60% on Chinese goods, suggested that he may speak with Chinese President Xi Jinping in the coming days. – By MENA Newswire News Desk.

    Related Posts

    140th Canton Fair: Green Innovation Drives China’s Contribution to a Low-Carbon Future

    October 20, 2026

    Brent oil touches $110 for first time since May

    October 17, 2026

    Egyptian expat remittances surge 27.2% to $33.9 billion

    October 16, 2026

    HiTHIUM Surpasses 200GWh in Shipments, Advancing Global Long-Duration Energy Storage with Full-Chain Integration

    October 16, 2026

    Technology Drives the Future of Travel: JETOUR Continues to Expand Its “Travel+” Ecosystem

    October 15, 2026

    Oman electricity output grows as water production declines

    October 12, 2026
    Latest Updates

    Abdullah bin Zayed meets Indian Foreign Minister in Mumbai

    October 20, 2026

    UAE and French presidents discuss strategic cooperation

    October 20, 2026

    Magnitude 5.6 earthquake strikes near Khuzdar in Balochistan

    October 19, 2026

    Guterres urges urgent global action to protect biodiversity

    October 17, 2026

    Brent oil touches $110 for first time since May

    October 17, 2026

    Samsung unveils AI memory strategy and AMD CXL demo at OCP

    October 16, 2026

    Egyptian expat remittances surge 27.2% to $33.9 billion

    October 16, 2026

    Thailand floods kill 71 and hit nearly 909,000 households

    October 13, 2026
    © 2026 Dubai Record | All Rights Reserved
    • Home
    • Contact Us

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