China announces it's imposing new tariffs on 128 US products

[Yo_Mama_Been_Loggin]

Beijing's latest move, announced by its finance ministry in a statement dated April 1, is direct retaliation against taxes approved by U.S. President Donald Trump on imported steel and aluminum. Chinese officials had been warning over the last few weeks that their country would take action against the U.S.

The tariffs begin on Monday, the finance ministry statement said.

China's Customs Tariff Commission is increasing the tariff rate on pork products and aluminum scrap by 25 percent. It's also imposing a new 15 percent tariff on 120 other imported U.S. commodities, from almonds to apples and berries.

All told, the extra tariffs will hit 128 kinds of U.S. products, multiple outlets reported. The list of new duties matches the list released by the government on March 23, according to Reuters.

At that time, China said the affected U.S. goods had an import value of $3 billion in 2017 and included wine, fresh fruit, dried fruit and nuts, steel pipes, modified ethanol and ginseng.

The White House didn't respond to a message from The Associated Press on Sunday seeking comment.

https://www.msn.com/en-us/news/world/china-announces-its-imposing-new-tariffs-on-128-us-products/ar-AAvmk22?li=BBnb7Kz

[BSdetect]

1. The moron starts a trade war.

[IluvPitties]

3. Yep. Truly stupid.

[LiberalFighter]

2. Does DT own any property in China.

How about applying a tariff on it?

[marlakay]

4. Gee thanks

Of course it hits the rest of us.

[lunasun]

5. They will pick up trade with SA buy from friendly countries who can supply a lot of things they

imported from the US imo.
Cranberries instead will come from Chile , corn from Brazil etc.

Mexico has already increased trade with southern neighbors to move away from trading with US

The American ginseng I don't know if that can be replicated anywhere else the temp & soil needed etc. but china will try to find a way or greenhouse it maybe

[Wellstone ruled]

6. And it begins.

[sinkingfeeling]

7. But "trade wars are good and easy to win."

[thucythucy]

8. Who ever thought a trade war could be so complicated?

[rufus dog]

9. This will directly hit his base

We all will feel the impact, but districts that voted for tRump will take the biggest hit.

[Takket]

10. Yeah I had heard China wants to hurt the red states

That caused this whole mess. Not the USA as a whole.

[Major Nikon]

11. Yep, as fully predicted the hardest hit will be ranchers and farmers

The vast majority of which are Trump lovers. At least when they lose everything there will be a good supply of MAGA hats showing up at yard sales.