March 04, 2025 05:41 GMT
MNI BRIEF: China Unveils Retaliation Against Extra U.S Tariffs
MNI (BEIJING) - China will impose new tariffs on U.S goods and control trade with some American companies in retaliation to the extra 10% duties revealed on Tuesday, according to the Ministry of Finance and the Ministry of Commerce.
Effective from March 10, China will impose a 15% tariff on chicken, wheat, corn, and cotton imported from the U.S, and a 10% duty on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products, the Ministry of Finance said in a statement. (See MNI INTERVIEW: China-U.S Yuan Deal Unlikely - Guan Tao)
Meanwhile, the Ministry of Commerce will include 10 U.S companies involved in arms sales to Taiwan into the Unreliable Entity List, and add 15 U.S entities on to the export control list.
Keep reading...Show less
124 words