China has responded to the latest round of tariffs imposed by the United States by announcing its own set of retaliatory tariffs on certain American goods. The announcement came just minutes after US President Donald Trump's new tariffs on Chinese imports took effect.
The State Council Tariff Commission of China revealed that a 15% tariff will be imposed on items such as chicken, wheat, corn, and cotton. Additionally, a 10% tariff will be placed on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products.
This move is part of the ongoing trade tensions between the two economic powerhouses, with both countries engaging in tit-for-tat tariff actions. The escalating trade dispute has raised concerns about its impact on global trade and the economy.
China's decision to impose tariffs on American goods is seen as a direct response to the US tariffs and is aimed at protecting its domestic industries. The tariffs are expected to have significant implications for farmers and businesses in both countries.
As the trade war between the US and China continues to unfold, the international community is closely watching the developments and hoping for a resolution that will benefit all parties involved.
