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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)

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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)

Keep reading...Show less