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China announces additional tariffs of 10% to 15% on U.S. agricultural products, effective March 10, 2025, in response to increased U.S. tariffs. Analysts warn of potential global economic disruption.
In a significant escalation of trade tensions, China announced on March 4, 2025, that it will impose additional tariffs ranging from 10% to 15% on a variety of American agricultural products. These measures are set to take effect on March 10, 2025, and are viewed as a direct response to the United States' recent increase in tariffs on Chinese imports.
The Chinese Ministry of Finance specified that the new tariffs will target key U.S. agricultural exports:- 15% Tariffs will be applied to imports of U.S. chicken, wheat, corn, and cotton. 10% Tariffs will be targeting U.S. sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products.
Notably, goods already in transit to China before the implementation date will be exempt from these tariffs until April 12, 2025.
This development follows President Donald Trump's decision to increase tariffs on Chinese imports from 10% to 20%, effective March 4, 2025. The U.S. administration cited national security concerns, including issues related to drug trafficking and illegal immigration, as justification for the tariff hike.
The affected U.S. agricultural products represent a substantial portion of America's exports to China. For instance, in 2024, the United States exported approximately $14 billion worth of soybeans to China, accounting for nearly 60% of total U.S. soybean exports. Similarly, U.S. pork exports to China were valued at around $1.3 billion during the same period. The newly imposed tariffs are expected to make these American products less competitive in the Chinese market, potentially leading to a significant decrease in export volumes.
The escalating trade tensions have raised concerns about potential impacts on global economic stability. Analysts report that this tit-for-tat escalation could disrupt supply chains, increase costs for consumers, and strain diplomatic relations between the two economic powerhouses. The agricultural sector, in particular, may experience further strain as access to one of its largest markets becomes more restricted.
The situation is being closely monitored internationally, by stakeholders and experts - with many expressing hopes for a swift resolution to prevent further economic disruption. Both nations have expressed a willingness to negotiate, but concrete steps toward de-escalation have yet to materialize. As the March 10 implementation date approaches, businesses and consumers alike are bracing for potential disruptions and price increases. The international community is hopeful for a resolution that will stabilize the global economic landscape.
In a significant escalation of trade tensions, China announced on March 4, 2025, that it will impose additional tariffs ranging from 10% to 15% on a variety of American agricultural products. These measures are set to take effect on March 10, 2025, and are viewed as a direct response to the United States' recent increase in tariffs on Chinese imports.
The Chinese Ministry of Finance specified that the new tariffs will target key U.S. agricultural exports:- 15% Tariffs will be applied to imports of U.S. chicken, wheat, corn, and cotton. 10% Tariffs will be targeting U.S. sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products.
Notably, goods already in transit to China before the implementation date will be exempt from these tariffs until April 12, 2025.
This development follows President Donald Trump's decision to increase tariffs on Chinese imports from 10% to 20%, effective March 4, 2025. The U.S. administration cited national security concerns, including issues related to drug trafficking and illegal immigration, as justification for the tariff hike.
The affected U.S. agricultural products represent a substantial portion of America's exports to China. For instance, in 2024, the United States exported approximately $14 billion worth of soybeans to China, accounting for nearly 60% of total U.S. soybean exports. Similarly, U.S. pork exports to China were valued at around $1.3 billion during the same period. The newly imposed tariffs are expected to make these American products less competitive in the Chinese market, potentially leading to a significant decrease in export volumes.
The escalating trade tensions have raised concerns about potential impacts on global economic stability. Analysts report that this tit-for-tat escalation could disrupt supply chains, increase costs for consumers, and strain diplomatic relations between the two economic powerhouses. The agricultural sector, in particular, may experience further strain as access to one of its largest markets becomes more restricted.
The situation is being closely monitored internationally, by stakeholders and experts - with many expressing hopes for a swift resolution to prevent further economic disruption. Both nations have expressed a willingness to negotiate, but concrete steps toward de-escalation have yet to materialize. As the March 10 implementation date approaches, businesses and consumers alike are bracing for potential disruptions and price increases. The international community is hopeful for a resolution that will stabilize the global economic landscape.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
Britain’s King Charles III said on Friday, 12 December, that his cancer treatment is expected to be reduced in the coming year, using a televised address to urge people across the country to take part in cancer screening programmes, officials confirmed.
Talks aimed at ending the war between Ukraine and Russia are set to continue in Berlin this weekend, with U.S. envoy Steve Witkoff due to meet Ukrainian President Volodymyr Zelenskyy and senior European leaders, a U.S. official said.
Türkiye’s Trade Minister Omer Bolat said Friday that discussions in Washington with U.S. officials have strengthened efforts to expand bilateral trade, moving closer to a $100 billion target.
Lebanon is prepared to demarcate its border with Syria, President Joseph Aoun said on Friday, while noting that the dispute over the Shebaa Farms could be addressed at a later stage.
Greek farmers blocked the Port of Thessaloniki on Friday (12 December) as part of nationwide protests demanding delayed European Union subsidies and compensation for rising production costs and livestock losses.
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