💨 Abstract

China has announced retaliatory tariffs on US exports worth $23.6 billion, in response to Donald Trump's 10% tariff on Chinese imports. Affected products include coal, crude oil, passenger vehicles, and agricultural machinery, with tariffs varying by category. US exports of these goods to China have significantly declined since 2021, and the new tariffs could further impact industries.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖