China will raise import duties on US goods to 84%
China responded to US President Donald Trump’s new tariffs by raising tariffs on American goods to 84%, which became another evidence of the escalation of the trade conflict between the world’s two largest economies.
According to a statement from the country’s government, the Chinese countermeasures will take effect on April 10, Bloomberg reports.
This move by China was a response to Trump’s introduction of additional tariffs on Chinese goods, which came into effect at noon on Wednesday in Beijing. After that, the US imposed tariffs on Chinese goods to 104%.
The day before, the Chinese government announced its intention to “fight to the end” if the US insists on new tariffs.
China also added six US companies to its list of unreliable organizations, and another 12 American companies were added to the export control list.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
Read also
Black Sea & Danube: Crop and Export Forecast
Ukraine to expand sunflower and rapeseed area while soybeans decline — FAS USDA
Wheat faces biggest weekly drop in eight months on higher inventories
Cargill’s head of world trading departs firm after three decades
Indonesia deploys African weevils to boost palm oil output
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon