‘Very volatile’: Beijing retaliates with tariffs on US imports, Google probe

May Be Interested In:Jesus Christ Superstar rocks hard and rises again, but the message is a little fuzzy



Google, which is blocked in China, would be investigated for allegedly violating the country’s anti-monopoly laws, the State Administration for Market Regulation said.

Loading

Chinese authorities also announced further export controls on certain critical minerals used in high-tech industries, citing the need to safeguard “national security and interests”. In addition, two American companies – PVH Corp, which owns Calvin Klein, and biotechnology company Illumina – were put on a trade blacklist.

“The situation is very volatile,” said Dr Alfred Wu, a Chinese politics expert at the National University of Singapore.

“It really depends on the talks between Donald Trump and Xi Jinping – these two people are very hard to predict.”

China repeated its argument that the US tariffs “seriously violates” the rules of the World Trade Organisation, where it has vowed to formally lodge a legal suit.

“It is not only unhelpful in solving its own problems, but also undermines the normal economic and trade co-operation between China and the US,” China’s Finance Ministry said.

The tit-for-tat tariffs revive a trade war that kicked off during Trump’s first administration when he began setting tariffs on Chinese goods, many of which were retained and expanded on by the Biden administration.

A so-called “phase one” deal was brokered between Trump and Xi in 2020, which involved China agreeing to buy an additional $US200 billion of US products, in exchange for a rollback of some tariffs. But China’s commitments were widely regarded as unachievable from the outset and were hindered by the COVID pandemic.

share Share facebook pinterest whatsapp x print

Similar Content

British band Sports Team robbed at gunpoint on US tour
British band Sports Team robbed at gunpoint on US tour
Djokovic skips post-match interview over complaint about Nine and Tony Jones
Djokovic skips post-match interview over complaint about Nine and Tony Jones
'Don't drink the spirits': Laos backpackers avoid shots after suspected poisonings
‘Don’t drink the spirits’: Laos backpackers avoid shots after suspected poisonings
Prime Minister to make major announcement in the NT
Prime Minister to make major announcement in the NT
«Je pourrais encore jouer cinq à sept ans à haut niveau» - LeBron James
«Je pourrais encore jouer cinq à sept ans à haut niveau» – LeBron James
Good Weekend Superquiz, January 11 (TENNIS QUIZ)
Good Weekend Superquiz, January 11 (TENNIS QUIZ)
Hot Off the Press: Breaking Stories You Need to Hear | © 2025 | Daily News