China reacts to US-imposed tariffs
Beijing has implemented tariffs on American products in retaliation for Washington's increase in tariffs on Chinese goods. Read Full Article at RT.com
TroibNews 
Beijing has implemented tariffs on American goods in response to the tariffs placed on Chinese products by Washington.
The Chinese government has introduced levies of up to 15% on several food commodities imported from the US and widened restrictions on business operations with American companies. This decision follows recent tariff increases by Washington on Chinese goods.
On Tuesday, the Chinese Commerce Ministry declared a 15% levy on imports of chicken, wheat, corn, and cotton from the US, alongside 10% tariffs on American sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy items. These measures are set to take effect on March 10, according to the statement from the ministry.
Additionally, the Chinese government has placed 15 US firms under export and investment restrictions, citing concerns about national security. Beijing has also initiated a case against Washington at the World Trade Organization, arguing that the US's unilateral tariffs breach the organization’s regulations and undermine the foundations of economic and trade collaboration.
Earlier in the week, the US increased tariffs on all Chinese imports from 10% to 20%, alleging China's involvement in the production of fentanyl, a potent synthetic opioid.
In response, Chinese Foreign Ministry spokesman Lin Jian described the fentanyl situation as “a flimsy excuse” for the US to impose tariffs on Chinese imports. He stated, “The US, not anyone else, is responsible for the fentanyl crisis inside the US. In the spirit of humanity and goodwill towards the American people, we have taken robust steps to assist the US in dealing with the issue. . . Instead of recognizing our efforts, the US has sought to smear and shifted the blame to China, and is seeking to pressure and blackmail China with tariff hikes.”
Economists view both Washington's actions and Beijing's countermeasures as part of an ongoing trade conflict between the world's two largest economies, which was launched by US President Donald Trump during his first term. The new cumulative 20% tariff introduced this year is in addition to the tariffs of up to 25% imposed by his administration on approximately $370 billion worth of US imports from China in 2018 and 2019.
Olivia Brown for TROIB News
The Chinese government has introduced levies of up to 15% on several food commodities imported from the US and widened restrictions on business operations with American companies. This decision follows recent tariff increases by Washington on Chinese goods.
On Tuesday, the Chinese Commerce Ministry declared a 15% levy on imports of chicken, wheat, corn, and cotton from the US, alongside 10% tariffs on American sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy items. These measures are set to take effect on March 10, according to the statement from the ministry.
Additionally, the Chinese government has placed 15 US firms under export and investment restrictions, citing concerns about national security. Beijing has also initiated a case against Washington at the World Trade Organization, arguing that the US's unilateral tariffs breach the organization’s regulations and undermine the foundations of economic and trade collaboration.
Earlier in the week, the US increased tariffs on all Chinese imports from 10% to 20%, alleging China's involvement in the production of fentanyl, a potent synthetic opioid.
In response, Chinese Foreign Ministry spokesman Lin Jian described the fentanyl situation as “a flimsy excuse” for the US to impose tariffs on Chinese imports. He stated, “The US, not anyone else, is responsible for the fentanyl crisis inside the US. In the spirit of humanity and goodwill towards the American people, we have taken robust steps to assist the US in dealing with the issue. . . Instead of recognizing our efforts, the US has sought to smear and shifted the blame to China, and is seeking to pressure and blackmail China with tariff hikes.”
Economists view both Washington's actions and Beijing's countermeasures as part of an ongoing trade conflict between the world's two largest economies, which was launched by US President Donald Trump during his first term. The new cumulative 20% tariff introduced this year is in addition to the tariffs of up to 25% imposed by his administration on approximately $370 billion worth of US imports from China in 2018 and 2019.
Olivia Brown for TROIB News
