Published 04/03/2025 09:57 | Edited 04/03/2025 09:58
China reacted to the United States that imposed 10% tariff on all imports in the Asian country. In retaliation of this decision of US President Donald Trump, the Chinese announced 10% to 15% tariffs on US agricultural exports.
In addition, the Chinese government has released new export and investment restrictions on 25 US companies, alleging as reasons for national security.
“Trying to exert extreme pressure on China is a mistake of calculation and a mistake,” said a spokesman for the Ministry of Foreign Affairs of Beijing.
Read more: China Retalia Trump tariffs and launches offensive against US companies
As a larger market for US agricultural products, China has decided to tax in 15% products such as chicken, wheat, corn and cotton in the US, while soybean, sorghum, pork, beef, water products, fruits, vegetables and dairy products will suffer an extra 10% tariff.
According to Reuters, the new rates imposed by China are expected to affect about $ 21 billion in US agricultural and food exports, leaving the two largest economies in the world a step closer to a total trade war.
This Tuesday (4), the 25% rates promised by Trump over Canada and Mexico came into force.
Canada has already announced that it will impose a 25% tariff by more than $ 100 billion from US products, according to Canadian Prime Minister Justin Trudeau.
With agencies
Source: vermelho.org.br
