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China Says To Impose Fresh Tariffs On US Agricultural Imports

US President Donald Trump inked an order Monday to increase a previously imposed 10 percent tariff on China to 20 percent.


TOPSHOT – This photo taken on February 26, 2024 shows a Chinese flag at a tourist viewpoint, with the North Korean city of Namyang in the background, next to the Tumen river in the city of Tumen in China’s northeast Jilin province. (Photo by Pedro PARDO / AFP)

 

China said Tuesday it would slap fresh tariffs on a range of agricultural imports from the United States as of next week, in retaliation against a hike in levies by Washington.

“Additional 15 percent tariffs will be imposed on chicken, wheat, corn and cotton,” Beijing’s finance ministry said in a statement.

And “additional 10 percent tariffs will be imposed on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables and dairy products”, it added.

 

READ ALSO: Trade Wars intensify As US Tariffs On Canada, Mexico, China Take Force

US President Donald Trump inked an order Monday to increase a previously imposed 10 percent tariff on China to 20 percent — piling atop existing levies on various Chinese goods.

Beijing in announcing its levies condemned the “unilateral imposition of tariffs by the US”.

The move “exacerbates the burden on US companies and consumers, and undermines the foundation of economic and trade cooperation between China and the United States,” the finance ministry said.

Beijing’s commerce ministry also said it would file a lawsuit at the World Trade Organisation over the additional 10 percent tariffs.

 

 

 

 

AFP