Retaliatory tariffs package by China on the US is a “protectionism” measure, Cindy Yu, host of the Chinese Whispers Podcast tells Al Arabiya News. #US #China #Tariffs
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00:00Leo, awaiting Chinese tariffs on US goods to come into play, as you said, on the 10th of February,
00:06what exactly are they targeting? So we have seen a range of measures from the Chinese side,
00:1315% on US coal and LNG, liquefied natural gas, 10% on crude oil, farm equipment and some large
00:21vehicles. But there's also been other non-tariff measures as well, so export controls on critical
00:27minerals that China controls the supply chains of, which America needs for high-tech industries
00:31like semiconductors. They're really crucial. Also an antitrust probe into Google's operations
00:38within China, as well as adding to American companies onto China's own unreliable entity
00:44list, a blacklist for companies, as it were. And finally, China has also complained to the
00:49World Trade Organization about America's anti-free trade practices. So the package that has come
00:55about in just the hours after the American tariffs came into action suggests to me that
01:01China has been pricing in this tariff action, this protectionism from President Trump for a long time
01:06now. You know, they've been listening to what he's been saying on the election campaign,
01:10and they knew what they wanted to do in retaliation.