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China Plans New Tariffs on U.S. Goods
USAgNet - 03/23/2018

China announced Friday that it planned to impose tariffs on $3 billion worth of American-produced fruit, pork, steel pipes and more than 100 other goods, hitting back at the United States hours after President Trump proposed tariffs on about $60 billion worth of Chinese-made products. According to the New York Times, the Chinese Ministry of Commerce issued the threat in an online statement that said its proposed measures retaliated against the Trump administration's earlier decision to impose tariffs on Chinese steel and aluminum. The timing, though, also appeared to be a warning shot against the president's latest action on the trade front, on Thursday, when he took specific aim at a much wider range of Chinese products.

The Chinese tariffs would "balance out the losses sustained by China through the United States' increased tariffs on steel and aluminum imports," an unnamed Commerce Ministry spokesman said in the statement. "China urges the United States to resolve China's concerns as soon as possible, resolve bilateral differences through dialogue and consultation, and avoid damage to the broader array of Chinese-U.S. cooperation."

Under the planned Chinese countermeasures, American-produced fresh fruit, nuts, wine, seamless steel pipes and other goods would be the first to get hit, by 15 percent tariffs.

If Beijing feels it is necessary, another group of American-made goods would then draw 25 percent tariffs, including pork, which is a lucrative slice of United States exports to China. The statement said businesses and other parties had until March 31 to submit views about the retaliatory tariffs, meaning they would take effect only after that date.

In announcing the planned tariffs, the Commerce Ministry said China would also "take legal action within the framework of the World Trade Organization."


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