00:00It's Benzinga bringing Wall Street to Main Street.
00:02China announced fresh tariffs on U.S. goods after U.S. levies took effect,
00:06signaling a possible escalation in trade tensions between the two largest global economies.
00:11Starting February 10th, the country will impose an additional 15 percent tariff
00:15on coal and liquefied natural gas from the U.S. and 10 percent on crude oil,
00:19agricultural machinery, and certain automobiles.
00:22Chinese authorities also plan to introduce expert controls on critical minerals.
00:26Market reacted cautiously to the announcements. The offshore yuan
00:30remained stable against the dollar, but concerns over prolonged tensions persist.
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