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China retaliates against Trump tariffs by targeting US food imports

12:09 AM

Responding to US president’s tariffs on steel and aluminium, China targets 120 US products including a levy of 25% tariff on frozen pork

China has implemented retaliatory tariffs of up to 25% on $3bn in food imports from the US, raising uncertainty over the possibility of a trade war between the two countries.

China’s ministry of commerce said it would be “suspending tariff concessions” on 120 US food products. Fresh and dried fruits, almonds, pistachios and wine would be subject to an additional 15% tariff. Eight other items, including frozen pork, would be subject to a 25% tariff. The tariffs would begin on Monday, the ministry said.

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from The Guardian https://ift.tt/2pZbMxJ

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