The Chinese government plans to immediately impose tariffs on 128 U.S.
products, including pork and certain fruits, a direct response to
President Trump’s recent moves to pursue numerous trade restrictions
against Beijing.
If U.S. goods become more expensive in China, Chinese buyers could opt to purchase products from Europe, South America or elsewhere, though White House officials have routinely discounted the likelihood of this.
Beijing’s move could force Trump to decide whether to follow through on expansive trade restrictions he had hoped would crack down on China even if Beijing is now threatening to harm U.S. companies that rely on Asian markets for buyers.
A Twitter post from the “People’s Daily,” an English-language news organization controlled by the Chinese government, said Sunday that “China imposes tariffs on 128 items of imports from the U.S. including pork and fruit products starting Monday as a countermeasure in response to a previous U.S. move to slap tariffs on steel and aluminum imports: Ministry of Finance.”
Read More: Trade war escalates as China says it will impose tariffs on 128 U.S. exports, including pork and fruit
If U.S. goods become more expensive in China, Chinese buyers could opt to purchase products from Europe, South America or elsewhere, though White House officials have routinely discounted the likelihood of this.
Beijing’s move could force Trump to decide whether to follow through on expansive trade restrictions he had hoped would crack down on China even if Beijing is now threatening to harm U.S. companies that rely on Asian markets for buyers.
A Twitter post from the “People’s Daily,” an English-language news organization controlled by the Chinese government, said Sunday that “China imposes tariffs on 128 items of imports from the U.S. including pork and fruit products starting Monday as a countermeasure in response to a previous U.S. move to slap tariffs on steel and aluminum imports: Ministry of Finance.”
Read More: Trade war escalates as China says it will impose tariffs on 128 U.S. exports, including pork and fruit
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