Monday, April 2, 2018

China retaliates with tariffs

China has implemented retaliatory tariffs of up to 25% on $3bn in food imports from the US, raising uncertainty over the possibility of a trade war between the two countries.

  Guardian
And pleasing US agricultural growers/farmers to no end, I'm sure.
Fresh and dried fruits, almonds, pistachios and wine would be subject to an additional 15% tariff. Eight other items, including frozen pork, would be subject to a 25% tariff. The tariffs would begin on Monday, the ministry said.

The tariffs were in line with a list of potential duties on $3bn worth of US products released two weeks ago in response to Donald Trump’s tariffs on steel and aluminium.

[...]

[S]ome in China are calling for stronger retaliatory measures on soybeans and other agricultural products as well as big-ticket US goods such as Boeing aircraft. China, the third largest consumer of US pork, bought $1.1bn in pork products from the US last year, according to the US Meat Export Federation.
...but hey, do what you want...you will anyway.

No comments: