Home / U.S. / China increases tariffs on pork from the United States, fruit in response to tariffs on steel and aluminum

China increases tariffs on pork from the United States, fruit in response to tariffs on steel and aluminum

On Monday, the stock indexes of Tokyo and Shanghai rose 0.5 percent by midmorning.

Beijing faces complaints from Washington, the European Union and other trading partners that it hinders market access despite its free trade commitments and is flooding global markets with inappropriately cheap steel and aluminum. But the EU, Japan and other governments criticized Trump's unilateral move as harmful.

The United States buys little Chinese steel and aluminum after previous rate hikes to compensate for what Washington says are inappropriate subsidies. Still, economists expected Beijing to respond to avoid appearing weak in a high profile dispute.

As of Monday, Beijing raised tariffs on pork, scrap aluminum and other products by 25 percent, the Ministry of Finance said. A 15 percent tariff was imposed on apples, almonds and some other products.

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The increase in tariffs has "seriously damaged our interests," said a statement from the Ministry of Finance.

"Our country defends and supports the multilateral trading system," the statement said. The tariff increase of China "is an appropriate measure adopted by our country using the rules of the World Trade Organization to protect our interests".

The White House did not respond to a message from The Associated Press on Sunday asking for comment.

said earlier that its imports of those goods amounted to 3,000 million dollars last year.

The latest Chinese measure targets agricultural areas, many of which voted for Trump in the 2016 presidential election.

US farmers sent almost $ 20 billion of products to China in 2017. The US pork industry sent $ 1.1 billion in products, making China the third largest pork market in the United States.

"American politicians realize more quickly than ever that China would send if the United States started a trade war," said the Global Times, a newspaper published by the ruling Communist Party.

Washington granted exemptions to steel and aluminum tariffs from the EU, South Korea and some other exporters, but not Japan. March 22. European governments threatened to retaliate by raising tariffs on American bourbon, peanut butter and other products.

Beijing still has to say how it could respond to Trump's March 22 order to approve possible rate increases in response to complaints that China steals or pressures foreign companies to deliver the technology.

Trump ordered US trade officials UU present a WTO case challenging Chinese technology licenses. He proposed 25 percent tariffs on Chinese products, including aerospace, communications technology and machinery, and said Washington will intensify restrictions on Chinese investment in key sectors of US technology.

Trump administration officials identified 1,300 product lines valued at approximately $ 48 billion as potential targets. That list will be open to a 30-day comment period for companies.

Beijing reported a trade surplus of $ 275.8 billion with the United States last year, or two-thirds of its global total. Washington reports different figures that put the gap at a record $ 375.2 billion.


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