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In a retaliatory move against new U.S. tariffs, China’s Commerce Ministry announced Tuesday that it will impose additional tariffs of up to 15% on key U.S. agricultural products, while also expanding controls on business activities with major U.S. companies.
The new tariffs are set to take effect on March 10, with goods already in transit exempt until April 12.
The extra tariffs target several important farm exports, including chicken, pork, soy, beef, wheat, corn, and cotton. Specifically, U.S.-grown chicken, wheat, corn, and cotton will incur an additional 15% tariff, while tariffs on sorghum, soybeans, pork, beef, seafood, fruit, vegetables, and dairy products will be increased by 10%.
China is a major importer of American farm products, and its measures come as a response to U.S. President Donald Trump’s recent tariff hikes— which raised duties on Chinese products to 20% and imposed 25% tariffs on imports from Canada and Mexico. Although U.S. agricultural purchases had dipped after the onset of the trade war during Trump’s first term, they later recovered, making this a significant development for U.S. exporters.
The announcement was made just a day before the annual session of China’s parliament, where economic issues including deflation are expected to be key discussion points. The extra tariffs and expanded trade limits underscore the ongoing tit-for-tat escalation between the two nations as each side seeks to protect its domestic industries amid a broader trade dispute.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Two Azerbaijani brothers killed in a Russian security raid in Yekaterinburg are being returned home, sparking outrage and urgent calls for justice amid allegations of abuse and ethnic profiling.
Armenian Foreign Minister Ararat Mirzoyan will not attend the meeting of the Collective Security Treaty Organization (CSTO) Foreign Ministers Council scheduled for Monday in Kyrgyzstan, according to a statement from Armenia’s Foreign Ministry.
Chinese mining giant Zijin Mining is set to acquire Kazakhstan’s Raihorodok gold deposit for $1.2 billion, a move that will transfer control of RG Gold and could significantly boost Kazakhstan’s annual gold production, pending regulatory approval.
The Kremlin on Sunday voiced regret over Azerbaijan's reaction to the recent arrests of several Azerbaijani nationals in Russia’s Yekaterinburg region, after a controversial police operation tied to a decades-old criminal case sparked diplomatic tension between the two countries.
Armenia says it is ready to discuss the place and date for signing a peace agreement with Azerbaijan, according to Foreign Minister Ararat Mirzoyan.
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