#Market_Update China announced retaliatory tariffs on certain U.S. goods.

On Tuesday, China’s finance ministry said that starting Feb. 10, it will impose an additional 15% tariff on coal and liquefied natural gas and an additional 10% on crude oil, agricultural machinery and certain vehicles.

China’s tariff announcement comes after the additional U.S. tariffs on Chinese goods took effect today. “The U.S.' unilateral imposition of tariffs severely violates the rules of the World Trade Organization,”

China’s Ministry of Commerce announced on Tuesday that it will tighten export controls on products containing tungsten, tellurium, bismuth, molybdenum, and indium, citing the need to safeguard national interests and security.

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