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    Home > Headlines > China's finance ministry announces tariffs to counter Trump trade moves
    Headlines

    China's finance ministry announces tariffs to counter Trump trade moves

    Published by Global Banking & Finance Review®

    Posted on February 4, 2025

    1 min read

    Last updated: January 26, 2026

    This image depicts China's Finance Ministry's announcement of new tariffs on U.S. products in response to President Trump's trade actions, highlighting the ongoing trade tensions and economic implications.
    China's finance ministry announces tariffs in response to US trade moves - Global Banking & Finance Review
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    Quick Summary

    China's finance ministry announced tariffs on US products in response to Trump's 10% tariff on Chinese imports, escalating the trade war.

    China's Finance Ministry Responds to US Tariffs with New Measures

    BEIJING (Reuters) - China's finance ministry on Tuesday announced a package of tariffs on a range of U.S. products in an immediate response to a 10% tariff on Chinese imports announced by U.S. President Donald Trump that went into effect at 0501 GMT.

    (Reporting by Beijing newsroom; Writing by Greg Torode; Editing by Christian Schmollinger)

    Key Takeaways

    • •China's finance ministry announced tariffs on US products.
    • •The tariffs are a response to Trump's 10% tariff on Chinese imports.
    • •The new tariffs took effect immediately at 0501 GMT.
    • •This move escalates the ongoing US-China trade war.
    • •The announcement was made by China's finance ministry in Beijing.

    Frequently Asked Questions about China's finance ministry announces tariffs to counter Trump trade moves

    1What is the main topic?

    The article discusses China's response to US tariffs by imposing its own tariffs on US products.

    2What action did China take?

    China's finance ministry announced tariffs on a range of US products.

    3Why did China impose tariffs?

    The tariffs were a response to a 10% tariff on Chinese imports announced by US President Donald Trump.

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