China on Tuesday suspended soybean import qualifications from three U.S. exporters and halted imports of U.S. lumber, intensifying its retaliatory measures amid escalating trade tensions.
According to a statement from China's customs department, the affected companies are CHS Inc., Louis Dreyfus Company Grains Merchandising LLC, and EGT.
Customs officials reported that the suspension of soybean imports followed the detection of ergot and a seed coating agent in shipments, while the halt on lumber imports was due to the discovery of small worms, aspergillus, and other pests. These measures come just hours after China imposed import levies on $21 billion worth of American agricultural and food products.
The actions are viewed as a response to the extra 10% duty on U.S. products—threatened by President Donald Trump last week and implemented on March 4—which has resulted in a cumulative 20% tariff. The White House has attributed these tariffs to what it considers Chinese inaction over drug flows, further fueling the ongoing trade dispute between the two nations.
Read next
19:30
China
China has surpassed its 2030 renewable energy target six years ahead of schedule and now leads the world in clean energy investment, innovation, and deployment, transforming itself into a global powerhouse in the transition to a sustainable energy future.
01:47
U.S.- China
Trump says China can continue buying Iranian oil after Israel-Iran ceasefire, hinting at softer sanctions enforcement.
22:30
China
China announced on Tuesday that it will host a large-scale military parade in Beijing’s Tiananmen Square on September 3, marking the 80th anniversary of the end of World War II. President Xi Jinping is scheduled to deliver a keynote speech during the commemorative events.
20:00
China
China has nearly doubled its naphtha import quotas for 2025, issuing a second batch of allocations to chemical companies as demand surges and cheaper alternatives like propane and ethane face supply disruptions, according to six trade sources.
16:47
Kazakhstan’s Energy Ministry, national oil and gas company KazMunayGas (KMG), and CNOOC Hong Kong Holding Limited—a subsidiary of China National Offshore Oil Corporation (CNOOC Limited)—have signed a contract for hydrocarbon exploration and production under the Zhylyoi project.
What is your opinion on this topic?
Leave the first comment