BEIJING, Feb 5 (Reuters) - The Chinese foreign ministry called on Wednesday for dialogue and consultation between China and the United States as an additional 10% in U.S. tariffs on all Chinese products kicked in. China, in response to the latest U.S. tariffs, has announced a plan to impose counter-tariffs of up to 15% on some U.S. imports starting on Feb. 10, buying Washington and Beijing time to try to hammer out a deal. U.S. President Donald Trump said on Tuesday he was in no hurry to speak to Chinese...

Liquefied natural gas and tungsten — a metal used in the defense and energy industries — are the commodities on the front lines of the opening salvo of the US-China trade war. President Donald Trump pulled the trigger on a blanket 10% tariff on all Chinese imports on Tuesday, prompting Beijing to hit back, albeit with relatively targeted measures. In the raw materials space, that included export controls on tungsten, as well as other minor metals such as molybdenum and tellurium, a 15% import levy on LNG and coal and...

In his recent inaugural address, Donald Trump made the following statement: This sounds wonderful. The ideal tax is always one that is paid by somebody else! Unfortunately, tariffs on goods imported from foreign countries are not paid by the countries from which they came; they are collected from the American importers. They are a cost of the importing business, and like all business costs, they are added to the prices American consumers pay for those goods. Imagine that an American company imports computers made in China. If the Chinese firm...

China on Tuesday fired back at the U.S. over President Donald Trump’s new tariffs, pledging to impose its own taxes on imports beginning next week. “The U.S.’s unilateral imposition of tariffs seriously violates the rules of the World Trade Organization,” China’s Ministry of Commerce said in a statement. “It is not only unhelpful in solving its own problems, but also undermines the normal economic and trade cooperation between China and the U.S.” China said it would add a 15% duty to imports of U.S. coal and liquified natural gas on...

A look at the day ahead in U.S. and global markets from Mike Dolan After a four-day guessing game and much financial turbulence, the United States and China appear to have resumed a tit-for-tat trade war while Mexico and Canada get at least a month to breathe - leaving markets somewhat punchdrunk and wary of next steps. The upshot for currencies most violently disturbed by the process is Mexico peso's and Canada's dollar are both back higher than they were when the latest merry-go-round of threat, counter-threat and deferrals began...

One day of extreme volatility has shaken Canada’s stock market to the point that strategists may re-consider their benchmark targets for the entire year.

So says Philip Petursson , chief investment strategist at IG Wealth Management. Stock-market prognosticators on both sides of the border that didn’t incorporate US President Donald Trump ’s tariffs into their outlooks will probably need to lower their year-end expectations for the S&P/TSX Composite Index and the S&P 500 Index, he said.

Feb 4 (Reuters) - Beijing immediately responded to new U.S. tariffs on Tuesday, renewing a trade war between the world's top two economies as President Donald Trump sought to punish China for not halting the flow of illicit drugs. Trump's additional 10% tariff across all Chinese imports into the U.S. came into effect at 12:01 a.m. ET on Tuesday (0501 GMT). On Monday, Trump suspended his threat of 25% tariffs on Mexico and Canada at the last minute, agreeing to a 30-day pause in return for concessions on border and...

BEIJING — China’s Ministry of Commerce announced Tuesday it was implementing counter tariffs against the U.S. on multiple products, while announcing other trade-related measures, including an investigation into Google. The government said it would implement 15% tariff on coal and liquified natural gas products, as well as a 10% tariff on crude oil, agricultural machinery, large-displacement cars. “The U.S.’s unilateral tariff increase seriously violates the rules of the World Trade Organization,” the statement said.

HONG KONG — China retaliated immediately on Tuesday as a 10% U.S. tariff on Chinese goods went into effect, announcing its own levies of 10% to 15% on some U.S. products. Starting Feb. 10, China will impose an additional tariff of 15% on coal and liquefied natural gas, and a 10% tariff on crude oil, agricultural machinery, large-displacement automobiles and pickup trucks, the government said. The Chinese announcement came minutes after the U.S. tariff took effect at 12:01 a.m. ET. “This unilateral tariff hike by the U.S. side seriously violates...

China will impose tariffs on some products imported from the US including oil and liquefied natural gas.

The country will impose a 10% tariff on oil and agriculture machinery, as well as 15% on coal and LNG, the Finance Ministry said in a statement on Tuesday. The move is in retaliation to US measures against China.