Trade War Intensifies: China Strikes Back at Trump with Tariffs on US Agricultural Products
Source: dairynews.today
The tensions between China and the United States escalate with new tariffs.
As of March 10, 2025, the trade conflicts between the world's two largest economies are set to deepen. In a retaliation against the latest hike in tariffs on Chinese imports by the US, Beijing is set to impose new duties on a variety of American agricultural products. Key sectors of Trump's electoral base are projected to feel the impact, with products like chicken, wheat, corn, and cotton facing higher levies than others such as sorghum, soybeans, pork, and dairy.
This strategic response by China aims to address both domestic economic challenges and the international trade tensions exacerbated by the US decisions. The move by China comes amid an ongoing effort to stabilize its economy, marked by low consumption, persistent real estate crises, and significant youth unemployment.
Amid these developments, the Chinese government under Premier Li Qiang remains committed to a growth strategy targeting a 5% increase, despite the complex external environment.
