China It was announced on Tuesday that it would impose an additional tax of up to 15 % on the import of key products of US farms, including chicken, pork, soy and beef, and the key to doing business with key US companies will also extend control.
The rates announced by the Ministry of Commerce are to be implemented from March 10, though the goods already in transit will be exempted by April 12. He follows the order of US President Donald Trump to raise tariffs on import of Chinese products on the board. Whose effect happened on Tuesday, With 25 % of revenue on imports from Canada and Mexico.
A ministry notice states that imports of US growing chicken, wheat, maize and cotton will face 15 % additional revenue. Prices on gender, soybeans, pork, beef, seafood, fruits, vegetables and milk products will be increased by 10 %.
On Tuesday, Beijing has placed 10 more US firms in its incredible entity list, which will prevent them from joining China's import or export activities and making new investments in the country. Some already face sanctions with China if their products can be used for both military and civilian purposes.
Firms listed are TCOM, limited partnerships. Stick Roder Enterprises LLC; Telecidin Brown Engineering; Huntington Angels Industries; S3 Aerodifans; Cubic corporation; Textor; Act 1 Federal; Exquora and Plant Management Group.
Separately, China added 15 US companies to its export control list, including aerospace and defense companies such as General Dynamics Land System and General Atomics Aeronautical System, among others.
The ministry said in a statement, “China has decided to include 15 US companies that endanger interests in China's national security and export control list, which banned them from exporting dual use.”
When Tariff Beijing imposed on US farm products, China has refrained from imposing more taxes throughout the board, and “both sides have shown prevention,” said Sun Chinghao, a professor of International Relations at Singhwa University of Beijing, Beijing.
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“The United States is expected to finally make a trade deal with China,” Sun said. “For a long -term, it is possible that China and the United States continue to talk, but the current environment is not good.”
Chinese Foreign Ministry spokesman Lin Jian said that by raising prices, the United States has been kind to the United States.
“I want to reiterate that the Chinese people are never afraid of evil, do not believe in ghosts, and have never been bullying,” Lin said.
China is a huge importer of US farm products, though after declining its purchase, Trump reduced its purchase after starting a trade war during his first term and recovering. In 2024, China imported $ 24.7 billion from the United States, which is 14 % of its $ 176 billion in total exports of fields. Mexico was the largest importer of US farm equipment, followed by Canada.
The Chinese Trade Ministry contains about two dozen US farm exports, including 15 % additional revenue, including chicken feet and wings, and 711 items are subject to 10 % additional taxes.
In 2021-22, the United States logged into record export prices to China for soybeans, maize, beef, chicken, chicken meat, trees nuts and jurms. According to the US Department of Agriculture, cotton exports to China also recovered. US farm exports to China were $ 33.8 billion in fiscal year 2023 and $ 36.4 billion in financial 2022.
China, among other farmers, is making more soybeans than Brazil and Argentina and diversifying its sources for import of fields.
“Chinese government and Chinese companies will not be easily frightened,” said Beijing, a research director of the Gogleball Institute, Research Director of the Gogleball Institute, said Beijing.
Analysts say the final result will depend on how the US party is close to Beijing.
“So far, the United States has not sent a positive signal. If the United States wants to talk, it should not harm the environment, “Sun said.
And copy 2025 Press of Canada