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– China has been quick to retaliate against trade tariffs recently imposed by the United States, announcing its own tariffs on a range of U.S. goods shortly after the U.S. measures took effect.

On Tuesday, President Donald Trump announced 10 percent tariffs on all imports from China to the United States. In response, China’s Ministry of Finance imposed new measures, including a 15 percent tariff on certain coal and liquefied natural gas and a 10 percent levy on crude oil, agricultural machinery, heavy-duty vehicles and pickup trucks.

In addition, China’s Ministry of Commerce and Customs Administration imposed immediate export controls on more than two dozen metal products and related technologies. The new measures include the imposition of a new export tax on metal products and related technologies. These include tungsten, a key mineral widely used in industry and defense, and tellurium, needed for the production of solar panels.

The ministry also imposed new measures on two U.S. companies – biotech giant Illumina and PVH Group, which owns Calvin Klein and Tommy Hilfiger. The two companies have been placed on China’s list of untrustworthy companies for violating normal market practices.

Companies on China’s untrustworthy companies list could face financial penalties or be banned from trading or investing in the country.

In addition, China’s Ministry of Commerce and Customs have imposed export restrictions on key minerals, including tungsten, tellurium, ruthenium and molybdenum. The government emphasized that these measures are necessary to protect national security interests.

According to a ministry statement, the new tariffs will take effect on February 10.

t Trump delayed imposing 25 percent tariffs on Mexico and Canada after receiving assurances of border security, but showed no similar leniency toward China.

According to a White House spokesman and President Trump is not currently scheduled to meet with Chinese President Xi Jinping, but it could take place later this week.

At the same time, China launched an antitrust investigation into Google, signaling possible retaliation against the US company amid escalating trade tensions. The investigation was announced shortly after Washington imposed its latest tariffs on Chinese goods.

These moves come amid tightening trade restrictions on both sides, signaling a sharp escalation of trade tensions between the U.S. and China and heightening fears of possible disruptions in global markets.LINE_ BREAK Cryptocurrency markets fell significantly after President Trump announced new tariffs on imports from Canada, China and Mexico, adding to investor uncertainty.

However, after the

Bitcoin (BTC) briefly crossed $102,500 and Ethereum (ETH) climbed to $2,900, a sharp recovery from volatility. The surge followed President Trump’s announcement that he would delay imposing tariffs on Mexico and Canada for 30 days.