live Putin meets U.S. envoys Witkoff and Kushner in Moscow
U.S. negotiators Steve Witkoff and Jared Kushner have arrived in Moscow for peace talks on the Russia-Ukraine conflict, two people familiar wi...
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.
U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citing an unnamed source. Ukrainian President Volodymyr Zelenskyy has also said American envoys will visit the capitals of both countries.
U.S. negotiators Steve Witkoff and Jared Kushner have arrived in Moscow for peace talks on the Russia-Ukraine conflict, two people familiar with the matter said. They were met by Russian Presidential Envoy Kirill Dmitriev.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 4th of September, covering the latest developments.
U.S. efforts to squeeze Iran’s economy through an oil blockade and sanctions are becoming increasingly difficult for Tehran to withstand, according to three senior Iranian sources. Washington is escalating pressure in hopes of securing concessions in future negotiations.
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A Chinese national was pulled alive from a tunnel in Nepal on Saturday, authorities said, 10 days after a wall of ice, rock and mud tore through a Himalayan valley, killing more than 1,300 people and leaving more than 5,600 missing.
U.S. negotiators Steve Witkoff and Jared Kushner have arrived in Moscow for peace talks on the Russia-Ukraine conflict, two people familiar with the matter said. They were met by Russian Presidential Envoy Kirill Dmitriev.
Spanish authorities are preparing a new site in Ceuta to accommodate hundreds of migrants who remain on the streets following large-scale arrivals in July, local media reported Saturday.
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The resolution, sponsored by African countries and led by Togo, passed by 164 votes to one, with six abstentions. The United States was the only country to vote against it.
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