China will impose 10% and 15% tariffs on agricultural products from the United States In response to tariffs imposed by Trump That, in addition, they are now 20%, compared to 10% initially announced.
According to the statement published by the Ministry of Finance, China will impose 15% tariffs To American cotton products chicken, wheat and corn and 10% to soybeans, pork, beef, aquatic products, fruits, vegetables and dairy.
The date of entry into force is March 10 And they are an answer to the “unilateral” taxes imposed by the United States. According to the Ministry “They damage the trade system Multilateral, increase the burden on US companies and consumers and undermine the basis of economic and commercial cooperation between China and the United States. “
In another statement, the Ministry has reported that it has included to your control list Of exports, a group of American companies and another quota has been added to their list of unreliable entities, in addition to taking the matter before the World Trade Organization (WTO).
This decision does not arrive in surprise, since China announced that it would take measures to “defend their rights and interests” after the decision of the US president, Donald Trump, of duplicate to 20 % additional tariffs imposed on the Asian country.
Donald Trump’s reasons
The president of the United States has explained that the decision to increase tariffs to China up to 20% and that they enter into force on March 4 instead of April 2 is due to the fact that the Asian country has not done enough to avoid the entry of fentanil in their country. According to China’s Chamber of Commerce, this decision is “a typical act of unilateralism and harassment that lacks respect for the facts, to the rules of international trade and the voices of all parties. “
China already responded to a first batch of 10% tariffs by increasing between 10% and 15% certain US products and establishing mineral exports controls. In addition, he opened an investigation against Google.
