Trade Tensions Escalate with New Tariffs and Probes, PRIMO Readies for More Nearshoring.

China Imposes Tariffs on U.S. Products, Including Oil and Implements Antitrust Investigation Into Google

China has retaliated against U.S. tariffs by imposing its own tariffs on several U.S. exports, including coal, liquefied natural gas, crude oil, agricultural machinery, and large-engine cars. These tariffs will take effect on February 10. Additionally, China is launching an antitrust investigation into Google, further escalating the ongoing trade tensions. China also announced export controls on critical minerals, like tungsten and tellurium, which are essential for high-tech production. These measures reflect a strategic approach to counter U.S. trade policies.

China has implemented retaliatory tariffs against the U.S. and initiated an antitrust investigation into Google, signaling a further escalation in the ongoing trade tensions between the two nations. These measures include tariffs on key U.S. exports and export controls on critical minerals, reflecting a strategic approach to counter U.S. policies.

PRIMO mitigates risks associated with such international trade disputes by supporting nearshoring efforts, allowing businesses to adapt quickly to changes and maintain smooth operations across North America.

Source: TTNews – China Imposes Tariffs on U.S. Products