China lays out $3B in tariffs on U.S. products like pork, fruit and nuts

April 3, 2018

China responds to trade and aluminum tariffs, but more could be coming

China slapped import duties of up to $3 billion US on American pork, metal, fruit, nuts, wine, ginseng and dozens more products on Sunday, the latest salvo in an escalating trade war between the two countries.

China laid out the tariffs on 128 different items on Sunday evening, which the government of President Xi Jinping said is in response to anti-competitive tariffs the U.S. recently enacted on Chinese steel and aluminum.

Beijing's move will put a 25 per cent levy on imported American pork, for which China is the No. 3 American export market.

This was excerpted from the 2 April 2018 edition of CBC News.

Topic(s)

Trade Agreements

Information source

Canadian News Channel

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