China reacts to US tariffs
Beijing has implemented tariffs on American goods as a countermeasure to Washington's increased tariffs on Chinese products. Read Full Article at RT.com.
TroibNews 
Beijing has imposed tariffs on American goods in retaliation for Washington’s tariffs on Chinese products.
The Chinese government has enacted tariffs of up to 15% on a range of food commodities imported from the US and has widened restrictions on business operations involving American companies. This decision follows the recent increase in tariffs by Washington on Chinese imports.
On Tuesday, the Chinese Commerce Ministry revealed that 15% tariffs would be applied to imports of chicken, wheat, corn, and cotton from the US, along with 10% tariffs on American sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy items. These new measures are set to take effect on March 10, according to the ministry's statement.
Additionally, the Chinese government has placed 15 US companies under export and investment restrictions, citing national security concerns. Beijing has launched a legal challenge against the US at the World Trade Organization, arguing that the unilateral tariffs imposed by the US violate the organization’s regulations and damage the basis for economic and trade cooperation.
Earlier this week, the US increased tariffs on all Chinese imports from 10% to 20%, accusing China of being involved in fentanyl production, which has contributed to a significant opioid crisis.
On Tuesday, Lin Jian, spokesperson for the Chinese Foreign Ministry, described the fentanyl issue as “a flimsy excuse” for raising US tariffs on Chinese goods.
“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,” the spokesman stated.
Economists view the actions taken by Washington and Beijing as another chapter in the ongoing trade conflict between the largest two economies in the world, which was initiated by US President Donald Trump during his first term. The cumulative 20% tariff introduced this year adds to the tariffs of up to 25% that were implemented by his administration on approximately $370 billion worth of US imports from China in 2018 and 2019.
Sanya Singh for TROIB News
The Chinese government has enacted tariffs of up to 15% on a range of food commodities imported from the US and has widened restrictions on business operations involving American companies. This decision follows the recent increase in tariffs by Washington on Chinese imports.
On Tuesday, the Chinese Commerce Ministry revealed that 15% tariffs would be applied to imports of chicken, wheat, corn, and cotton from the US, along with 10% tariffs on American sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy items. These new measures are set to take effect on March 10, according to the ministry's statement.
Additionally, the Chinese government has placed 15 US companies under export and investment restrictions, citing national security concerns. Beijing has launched a legal challenge against the US at the World Trade Organization, arguing that the unilateral tariffs imposed by the US violate the organization’s regulations and damage the basis for economic and trade cooperation.
Earlier this week, the US increased tariffs on all Chinese imports from 10% to 20%, accusing China of being involved in fentanyl production, which has contributed to a significant opioid crisis.
On Tuesday, Lin Jian, spokesperson for the Chinese Foreign Ministry, described the fentanyl issue as “a flimsy excuse” for raising US tariffs on Chinese goods.
“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,” the spokesman stated.
Economists view the actions taken by Washington and Beijing as another chapter in the ongoing trade conflict between the largest two economies in the world, which was initiated by US President Donald Trump during his first term. The cumulative 20% tariff introduced this year adds to the tariffs of up to 25% that were implemented by his administration on approximately $370 billion worth of US imports from China in 2018 and 2019.
Sanya Singh for TROIB News
