New tariffs and China's new response

This is added to the 10% already approved last February by the administration Trump with the aim of putting pressure on China to stop the illegal trafficking of fentanyl.

China immediately announced a new retaliation. As it did with Trump's previous tariff, China applied tariffs of between 10-15%, but on a limited list of goods. These were again agricultural products, in this case chicken, wheat, corn, cotton (15%) and soybeans, pork and beef, fruits, vegetables and dairy products (10%).

It also included another 15 American companies on a defense blacklist that prohibits them from exporting products from China because they are dual-use goods. It also announced the end of the cooperation program with USA. in the field of the fight against drugs.

Chinese authorities made no mention of the memorandum signed by the president on February 28 instructing the Committee on Investment in the United States to restrict Chinese investment in American soil, especially in strategic, high-tech sectors, as well as in the purchase of agricultural land. Although it is still expected that Beijing and Washington Even if the two powers do end up signing an agreement, trade hostilities between the two major powers continue, thereby endangering economic growth around the world.

Source: CESCE