Tribune Online China hits US agriculture, says it won’t be bullied by fresh Trump tariff Alongside the tariff hikes, Beijing imposed export and investment restrictions on 25 U.S. firms, citing national security concerns. China hits US agriculture, says it won’t be bullied by fresh Trump tariff Tribune Online
China has retaliated against U.S. tariffs by increasing import taxes on $21 billion of American agricultural products and imposing export and investment restrictions on 25 U.S. companies, while avoiding targeting major American brands. The Chinese foreign ministry rejected U.S. actions, stating that extreme pressure is a miscalculation. This move coincided with the U.S. imposing a new 10% tariff, bringing the total duty on affected goods to 20%. Analysts suggest China remains open to negotiations, as its tariff increases are below 20%, signaling a willingness to engage in diplomatic talks. The situation highlights the potential for a trade war, which could be averted if the U.S. and China reach an agreement. Many Chinese goods already face high tariffs from previous U.S. actions.
