The trade war is intensifying as now China has announced a reciprocal tariff of 25% on 106 United States' products ranging from including whiskey, beef to cars. Here's list of US items on which China will impose a reciprocal tax.
The trade war is intensifying as now China has announced a reciprocal tariff of 25% on 106 United States’ products ranging from including whiskey, beef to cars. The additional tariff was long feared after the Donald Trump administration targeted China with an additional tariff on solar panels, steel and aluminium and a due imposition of a targeted tariff on advanced technology Chinese imports.
China’s Ministry of Finance on Wednesday unveiled a list of products imported from the United States that will be subject to higher tariffs, Xinhua news agency reported. Here’s the list of US products on which China will be slapping an additional tariff:
- Some types of beef
- Plastic products
- Orange juice
- Certain electric vehicles
- Certain sorghum products
- Some types of wheat
- Some types of aircraft
- Corn products
- Some Agricultural items
The decision to impose a reciprocal tax on US products came a day after the Donal Trump administration published a proposed list of Chinese goods subject to additional 25% tariffs amid strong opposition from China. The US proposed a list of Chinese items for the additional tariff is heftier than China and includes approximately 1,300 products.
(This is not the full list of US products on which China will impose a reciprocal tariff. The story will be updated after the full list is released by China’s government.)