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China hits US agriculture, says it won't be bullied by fresh Trump tariffs

China retaliated swiftly against fresh U.S. tariffs with hikes to import levies covering $21 billion worth of American agricultural and food products, moving the world's top two economies a step closer towards an all-out trade war.

China hits US agriculture, says it won't be bullied by fresh Trump tariffs
freepik.com | China hits US agriculture, says it won't be bullied by fresh Trump tariffs
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Beijing also slapped export and investment curbs on 25 U.S. firms, on grounds of national security, but, unlike when it retaliated against the Trump administration's February 4 tariffs, this time avoided punishing any household names.

Later on Tuesday, China said it would investigate U.S. producers of a type of optical fibre for circumventing  anti-dumping measures, suspended the import licences of three U.S. exporters, and halted China-bound shipments of U.S.

lumber. Meanwhile, China announced a ban on imports of genetic sequencers from U.S. medical equipment maker Illumina, just minutes after U.S. President Donald Trump's additional 10% tariff on Chinese goods took effect. 

 


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Topics

chinasupply chainexportsimportsglobal trademarket impacttrade wartrade policyTrump tariffs

U.S. agriculture

retaliation

economic tensions

geopolitical dispute

tariff escalation

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