In a significant escalation of trade tensions, China has announced retaliatory tariffs on a range of American goods, coinciding with the implementation of US tariffs on all Chinese imports. Beginning Monday, these new Chinese tariffs will impose a 15% import tax on US coal and liquefied natural gas, and a 10% tax on crude oil, agricultural machinery, pick-up trucks, and certain sports cars. Meanwhile, proposed US tariffs of 25% on Canadian and Mexican goods have been postponed following last-minute negotiations. President Trump attributes the tariffs to concerns over trade deficits and the influx of fentanyl into the United States. For the latest updates and in-depth analysis, subscribe to our channel and visit BBC News. #US #China #BBCNews
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