🇺🇸🇨🇳 China Hits Back at U.S. Tariffs with Retaliatory Measures
Beijing/Washington – In response to President Trump’s 25% tariffs on Mexican and Canadian goods and extra 10% duty on Chinese imports, China has announced a series of countermeasures, including up to 15% tariffs on key U.S. exports and sanctions on American firms.
🔹 Key Developments:
• China will impose 15% tariffs on U.S. chicken, wheat, corn, and cotton starting March 10.
• 10% tariffs will hit soybeans, sorghum, pork, beef, seafood, fruits, vegetables, and dairy products.
• China bans U.S. biotech firm Illumina from exporting gene sequencing machines starting March 4.
• China adds 10 U.S. firms to its “Unreliable Entity List” and 15 U.S. entities to its export control list.
• Beijing still welcomes foreign investment but warns of further non-tariff countermeasures targeting U.S. agricultural and food exports.
With tensions escalating, global markets and supply chains may face increasing pressure in the coming weeks.
