China firing preemptive trade war shots at Trump

China has heightened trade war tensions with the United States by extending existing tariffs imposed on a crucial chemical solvent, sanctioning seven American firms on security grounds and threatening to stop buying US semiconductors within a single day. China’s Ministry of Commerce (MoC) announced on December 27 that it will continue to impose anti-dumping duties on n-butanol imports from the US, Taiwan and Malaysia for another five years, effective from December 29, 2024.

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