Tit-for-tat: China imposes 15% tariff on US coal, LNG and 10% on crude oil
Tuesday, 4 February 2025 () China imposed tariffs on US coal, LNG, oil, and vehicles in response to Trump's tariffs on Chinese goods, escalating the trade war. Tensions with Canada and Mexico initially eased, but a political crisis erupted in Canada, forcing Prime Minister Trudeau's resignation and early elections. Trump's tariff strategy remains aggressive, with potential economic impacts.
The U.S. and UK have intensified their crackdown on companies involved in supporting Russia's controversial Arctic LNG 2 project. In a major move, two Indian companies, Skyhart Management Services and..