Feb 4th, 2025
Beijing Hits Back Against Trump’s China Tariffs
China has responded to Donald Trump's trade tariffs by targeting a handful of American companies and slapping levies on some US goods, in a move seemingly designed to avoid escalating tensions between the world's biggest economies. Beijing imposed a 15% levy on less than $5 billion of US energy imports and a moderate 10% fee on American oil and agricultural equipment on Tuesday, moments after new US tariffs came into effect. China also said it will also investigate Google for alleged antitrust violations, although Alphabet's search services have been unavailable in the country since 2010. Our Trade Tsar Brendan Murray joins Stephen Carroll and Anna Edwards on Bloomberg Radio to discuss.
