China retaliated against President Trump’s tariffs by imposing new tariffs on American food imports and restricting 15 U.S. companies from purchasing products from China. The Ministry of Finance set tariffs of 15 percent on imports like chicken and wheat, along with a 10 percent tariff on other food items. This escalation highlights the ongoing trade tensions between the two nations.

In response to President Trump’s recent tariffs, the Chinese government has implemented substantial tariffs on American agricultural imports and restricted the operations of 15 U.S. companies from purchasing products from China. This action signifies an escalation in the trade tensions between the two superpowers, as the Ministry of Finance announced tariffs of 15 percent on items such as chicken, wheat, corn, and cotton, alongside a 10 percent tariff on other food products, including soybeans and dairy.

Trump’s administration has now levied additional tariffs of nearly 20 percent on a majority of goods imported from China since his presidency began in January. He initially imposed 10 percent tariffs on February 4 and followed up with further tariffs shortly after. Additionally, tariffs of 25 percent have been imposed on goods from Mexico and Canada, highlighting a broader strategy of tariff implementation across multiple trade partners.

Following the introduction of tariffs in February, China began collecting additional tariffs on liquefied natural gas, coal, and agricultural machinery from the United States. These retaliatory measures were relatively limited in scope, affecting only about ten percent of American exports to China when compared to the comprehensive tariffs imposed by the Trump administration.

The ongoing trade war between the United States and China has intensified with the recent imposition of tariffs from both nations. China’s tariffs on U.S. agricultural products and restrictions on specific American companies represent a significant response to U.S. economic policies. This situation underscores the rising complexity and stakes involved in international trade relations as both countries navigate their economic ambitions and geopolitical strategies.

Original Source: www.nytimes.com

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