Chinese government applies up to 15% rates in retaliation to Trump’s tariffs; The country is the main foreign market of these US products
China began to impose tariffs on US agricultural products on Monday (10.mar.2025). The measure is a retaliation for the recent Chinese products approved by the President (Republican Party).
New Chinese tariffs include 15% rates on products such as chicken, wheat and corn; and 10% about soy, pork, beef and fruits.
China, the largest foreign market for these US agricultural products, also from 3 US entities and interrupted the purchase of American wood logs.
The Chinese government has established that the goods sent before March 10 and imported until April 12 will not be affected by the new tariffs.
A spokesman for the National Congress of the People, who holds the Annual Legislative Session of China, stating that they “disturbed the safety and stability of industrial chains and global supplies“.
In addition to tariffs on agricultural products, the Chinese government:
- It imposed restrictions on 15 US companies, including a manufacturer that sells drones to the US army;
- required special permission for these 15 companies to acquire Chinese products and
- It prohibited 10 other American companies to do business in China.
Trump defends rates on Chinese imports, arguing that they are necessary to rebuild the US industrial sector and generate tax revenue.
He about almost all imports from China in early February last week.
According to the newspaper , The US average rate on Chinese products is now 39%, a significant increase over 3% of Trump’s first term of office 8 years ago.
The president also imposed on Canada and Mexico on the 3rd last (4.mar.2025), but many of these rates 2 days later.
Despite recent climbing, both sides signaled possible disposition for a commitment. China’s Minister of Commerce invited his American counterpart and the US commercial representative for a meeting, while Trump mentioned that a new trade agreement with China is “possible“.
China faces more problems in its home economy now than during Trump’s first term. Official data released on Sunday (9.mar) showed that consumer inflation.
During the National Congress of the People in Beijing, Chinese Prime Minister Li Qiang (Communist Party of China), established one to 2025.
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