Home / U.S. / China returns to commercial dispute and hits tariffs on 128 US products: bidirectional: NPR

China returns to commercial dispute and hits tariffs on 128 US products: bidirectional: NPR



Nuts imported from the United States are displayed for sale at a supermarket in Beijing on Monday, April 2, 2018. China raised import tariffs on pork, fruit and other US products on Monday.

Andy Wong / AP


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Andy Wong / AP

Nuts imported from the United States are displayed for sale at a supermarket in Beijing on Monday, April 2, 2018. China raised import tariffs on pork, fruit and other US products on Monday.

Andy Wong / AP

China announced on Sunday night that it would retaliate against the Trump administration's steel and aluminum tariffs by imposing its own import levies on a list of 128 US products, including agricultural products ranging from fruit to meat. frozen pork

which according to China's Ministry of Finance will begin on Monday, adds fuel to what many economists fear is a growing trade war between the two economic superpowers.

Beijing said it was suspending its obligations with the World Trade Organization to reduce tariffs on US goods and instead impose a 15 percent tariff on 120 US products, including fruit.

In pork and seven other products, the tariff would be 25 percent, according to the Ministry of Commerce, according to the Xinhua news agency.

warned last month that it was considering tariffs on a range of products. It seems to have followed that script. Other items include wine and nuts, as well as aluminum scrap.

The ministry said the United States had "seriously violated" the principles of free trade in WTO rules.

"China's suspension of some of its obligations to the United States is its legitimate right as a member of the World Trade Organization," the Chinese Ministry of Finance said in a statement, according to Reuters.

The differences between the two countries should be resolved through dialogue and negotiation, the statement added. [19659008] China's salvage follows the US imposition of 25% steel and 10% aluminum tariffs that were initially applied to several trading partners. However, the European Union, Argentina, Australia, Brazil, Canada, Mexico and South Korea have been temporarily exempted, while the White House has threatened additional tariffs on China.

Last month, President Trump launched another $ 60 billion in tariffs on Chinese imports to punish Beijing for the "theft" of intellectual property.

The South China Morning Post writes:

"… Beijing has so far set fire to major agricultural products such as soy or major industries such as the aerospace giant Boeing, articles that the state newspaper Global Times suggests they should be attacked.

The nationalist newspaper said in an editorial last week that China has almost completed its list of retaliatory tariffs on US products. . "

" The list will imply important Chinese imports from the US, "the newspaper wrote, without saying what elements were included in the document."


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