China to impose new tariffs on US agricultural imports

China announced on Tuesday that it will impose fresh tariffs on a range of agricultural imports from the United States next week in retaliation against Washington’s recent tariff hike.

“An additional 15 per cent tariff will be imposed on chicken, wheat, corn, and cotton,” Beijing’s finance ministry said in a statement.

It added, “An additional 10 per cent tariff will be imposed on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products.”

US President Donald Trump signed an order on Monday increasing a previously imposed 10 per cent tariff on China to 20 per cent, adding to existing levies on various Chinese goods.

In response, Beijing condemned the “unilateral imposition of tariffs by the US” while announcing its own countermeasures.

The move “exacerbates the burden on US companies and consumers and undermines the foundation of economic and trade cooperation between China and the United States,” the finance ministry stated.

Additionally, China’s commerce ministry said it would file a lawsuit at the World Trade Organisation over the additional 10 per cent tariffs.

AFP

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