China slaps extra tariffs of up to 15% on imports of major US farm exports, including soy and beef

Beijing, Mar 4: China announced Tuesday it will impose additional tariffs of up to 15% on imports of key US farm products, including chicken, pork, soy and beef.

The tariffs announced by the Commerce Ministry are due to take effect from March 10. They follow US President Donald Trump’s order to raise tariffs on imports of Chinese products to 20% across the board. Those took effect on Tuesday.

Imports of US grown chicken, wheat, corn and cotton will face an extra 15% tariff, it said. The tariff on sorghum, soybeans, pork, beef, seafoods, fruit, vegetables and dairy products will be increased by 10%.

Also Tuesday, Beijing placed 10 more US firms on its unreliable entity list, which would bar them from engaging in China-related import or export activities and from making new investments in the country.

The firms listed are TCOM,Limited Partnership; Stick Rudder Enterprises LLC; Teledyne Brown Engineering; Huntington Ingalls Industries; S3 AeroDefense; Cubic Corporation; TextOre; ACT1 Federal; Exovera and Planate Management Group.

Senior executives of these companies will also be banned from entering China and work permits, and Chinese visitor and residency permissions also will be revoked, the Commerce Ministry said.

The companies were placed on the list for selling arms to or cooperating on military technologies with Taiwan in recent years, the ministry said. China claims the self-governed island as its own territory.

The addition of the 10 companies comes after China last month added two firms, fashion company PVH Group and biotechnology company Illumina, to the unreliable entities list.

Separately, China added 15 US companies to its export control list, including aerospace and defense companies like General Dynamics Land Systems and General Atomics Aeronautical Systems, among others.

“China has decided to include 15 US entities that endanger China’s national security and interests in the export control list, prohibiting the export of dual-use items to them,” the ministry said in a statement.

China’s is a major importer of American farm products, though its purchases dipped after Trump launched a trade war during his first term in office, and then recovered.

In 2021-22, the United States logged record export values to China for soybeans, corn, beef, chicken meat, tree nuts, and sorghum. Cotton exports to China also rebounded, according to the US Department of Agriculture. US farm exports to China totaled $33.8 billion in fiscal 2023 and $36.4 billion in fiscal 2022.

But China has been diversifying its sources for farm imports, buying more soybeans from Brazil and Argentina, among other growers. (AP)

Hot this week

Meghalaya man missing in Bangkok

Shillong, Jan 10: A 57-year-old Meghalaya resident, Mr. Treactchell...

ANSAM rejects Kuki’s separate administration demand, says bifurcation not acceptable

Guwahati, Sept 8: Rejecting the separate administration demand of...

Pay hike of Assam ministers, MLAs likely as 3-member panel submits report

Full report likely by Oct 30 Guwahati Sept 25: There...

Meghalaya’s historic fiber paves the way for eco-friendly products and sustainable livelihoods

By Roopak Goswami Shillong, Oct 25: From making earbuds to...

The Baghmara connection to Meghalaya’s political history

Tura, Aug 17: For many in the state, Baghmara...

Manipur Guv chairs security meeting, reviews law and order situation

Imphal, Mar 4: Manipur Governor Ajay Kumar Bhalla reviewed...

Mizoram govt presents Rs15, 198 cr budget, allocates 75pc more in flagship scheme

Aizawl, Mar 4: Mizoram Chief Minister Lalduhoma on Tuesday...

Assam: AIUDF MLAs protest in assembly over BJP minister’s comment against Bengali-speaking Muslims

Guwahati, Mar 4: Legislators of the opposition AIUDF demonstrated...

No takers for over 60,000 kgs of seized betel nuts in Assam’s police station

Silchar (Assam), Mar 4: Over 60,000 kgs of unclaimed...

33 arms surrendered in five Manipur districts

Imphal, Mar 4: Thirty-three arms and ammunition were voluntarily...

Assam’s battle against child marriage sees massive drop – aiming for a 90% win by 2025

Guwahati, March 4: Assam’s war against child marriage is...
spot_img

Related Articles

Popular Categories

spot_imgspot_img