March 4, 2025 12:06 PM

China to impose extra tariffs of 10%-15% on various US products

China on Tuesday swiftly retaliated against fresh U.S. tariffs, announcing 10%-15% hikes to import levies covering a range of American agricultural and food products, and placing twenty-five U.S. firms under export and investment restrictions.  LIU JINLU, AGRICULTURAL RESEARCHER AT GUOYUAN FUTURES, BEIJING "This news has raised concerns about tightening domestic agricultural supplies, benefiting the sector. China’s 10% tariff on U.S. soybeans will increase costs and reduce U.S. imports, lea...