China Plans Retaliatory Tariffs on U.S. Goods
China has announced plans to impose an additional 25 percent tariff on 106 products imported from the U.S. in retaliation for the Trump administration’s proposal to raise tariffs on 1,300 Chinese goods by the same amount. Neither the U.S. nor China has yet specified a date on which the tariffs might take effect.
The goods selected by Beijing, which account for approximately $50 billion worth of imports from the U.S., appear targeted at politically sensitive industries in an effort to bring pressure on the White House not to go ahead with its planned tariffs. They include major crops such as soybeans, corn, cotton, sorghum, and wheat as well as other agricultural products such as beef, cranberries, orange juice, whiskey, and tobacco. Manufactured goods on the list include aircraft, passenger cars, sport utility vehicles, off-road vehicles, auto parts, chemical products, and plastics.
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