China has initiated retaliatory tariffs of 10-15% on various U.S. imports starting March 10, particularly targeting agricultural products. This response follows the Trump administration’s increase of tariffs on Chinese goods to 20%, highlighting escalating tensions in trade relations between the two countries.

In a significant response to U.S. trade policies, China has announced the imposition of retaliatory tariffs on American imports. Effective March 10, these new tariffs will range from 10 to 15 percent and will specifically target a variety of agricultural and food products originating from the United States. This action follows President Donald Trump’s decision to increase tariffs on Chinese goods to 20 percent, thus escalating the ongoing trade conflict between the two nations.

The Chinese Ministry of Finance specified that the additional tariffs would include a 15 percent levy on U.S. chicken, wheat, corn, and cotton. Moreover, an extra 10 percent tariff will be applied to a broader range of American agricultural products, such as soybeans, sorghum, pork, beef, aquatic products, fruits, vegetables, and dairy. This move is seen as a method of balancing trade relations while sending a strong message to the U.S. government regarding its recent tariff increases.

China’s new tariffs on U.S. imports are a direct retaliation against increased American tariffs, particularly affecting a range of agricultural products. This tit-for-tat trade relationship underscores the volatile nature of U.S.-China trade dynamics. The decision to target specific agricultural sectors reveals both nations’ vulnerabilities and the ongoing pressures in their economic interactions.

Original Source: www.indiatvnews.com

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