In response to the tariffs imposed by the United States, China has announced fresh 10-%-15% duties on several US agricultural and food products, set to take effect from March 10.
Among the US products which will face 10% retaliatory tariffs in China are soybeans, sorghum, pork, beef, aquatic products, fruits, vegetables and dairy products, reported news agency Reuters.
The Chinese finance ministry said that 15% tariffs will be imposed on chicken, wheat, corn and cotton.
Along with tariffs, China also imposed export and investment restrictions on 25 US firms, Reuters reported.
These heavy duties come after the United States imposed steep tariffs on not just China, but also Canada and Mexico on Tuesday, kicking off a potential trade war.
US President Donald Trump doubled tariffs on Chinese goods from 10% to 20% starting Tuesday, along with a new 25% duty on imports from his neighbouring countries and two of its biggest trading partners - Canada and Mexico.
Trump last week announced the additional 10% duty on Chinese imports, which took effect today, citing China’s role in fentanyl production.
