BEIJING, Feb. 4 (Money Control) – China's finance ministry on February 4 announced a package of tariffs on a range of US products in an immediate response to a 10% tariff on Chinese imports announced by US President Donald Trump that went into effect at 0501 GMT, reported Reuters.

The ministry said 15% tariff will apply on US coal, LNG and additional 10% tariff will be imposed on crude oil, farm equipment and some autos.

China's anti-monopoly regulator announced an investigation into Google in an apparent retaliatory move, moments after President Donald Trump slapped a 10% tariff on Beijing reigniting a trade war between the world’s largest economies.

China will probe the US tech giant for alleged anti-trust violations, according to a Tuesday statement from the State Administration for Market Regulation.

The US leader over the weekend ordered a blanket levy on Chinese exports to take effect after midnight on Tuesday in the US, for what he calls Beijing’s failure to prevent the flow of illegal drugs. The orders — also affecting Mexico and Canada — included retaliation clauses that would increase tariffs if the countries respond in kind.

The US has imposed a 10% tariff on all Chinese goods, firing the opening shot of a fresh trade war with Beijing even as President Donald Trump plans to hold talks with his counterpart Xi Jinping.

A midnight deadline in the US for the duties to go into effect passed on Tuesday, hours after Trump reached separate agreements with the leaders of Canada and Mexico to delay 25% duties for a month.

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