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Clara Montgomery
China Imposes New Tariffs on U.S. Agricultural Imports Amidst Trade Tensions
On March 10, 2025, China will implement up to 15% tariffs on major U.S. agricultural exports. This action follows increased tariffs on Chinese goods by the U.S. Additionally, ten U.S. firms have been listed as unreliable entities, impacting their trade relations with China. The situation reflects ongoing trade tensions and China’s strategy to diversify its agricultural suppliers.
On March 10, 2025, China will implement additional tariffs of up to 15% on key U.S. agricultural exports, including chicken, pork, soy, and beef. This decision follows U.S. President Donald Trump’s recent directive to increase tariffs on imports from China to 20%. The new tariffs will also affect U.S. imports of wheat, corn, cotton, and other agricultural products, with various items facing a 10% increase in tariffs.
Additionally, China has placed ten U.S. firms on its unreliable entity list, restricting their trade activities with China and new investments within the country. These firms include TCOM, Limited Partnership, Stick Rudder Enterprises LLC, and others, primarily due to their military collaborations with Taiwan, which China considers part of its territory. Senior executives from these companies will also face entry bans into China.
In a related action, China added 15 U.S. companies to its export control list, which includes aerospace and defense firms like General Dynamics Land Systems. The Chinese Commerce Ministry declared that these measures are in response to national security concerns regarding dual-use items.
Historically, China has been a significant importer of American agricultural products. Although imports declined during the trade war started by President Trump, they have since rebounded, with the U.S. recording $33.8 billion in agricultural exports to China in the fiscal year 2023. However, China is increasingly sourcing soybeans from Brazil and Argentina, indicating a diversification of its import strategies.
In summary, China has announced the imposition of new tariffs on major U.S. agricultural products, which reflects a continuing cycle of trade tensions between the two nations. The inclusion of U.S. firms on an unreliable entity list and the addition of companies to the export control list further exacerbate these tensions. As China diversifies its sources for agricultural imports, the implications for U.S. exporters may be significant.
Original Source: apnews.com
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