In the midst of intensifying trade tensions between the world's two largest economies, China is gearing up to implement countermeasures aimed at American agricultural exports. State-backed Global Times reports that these moves could significantly impact US agricultural products, further complicating the ongoing trade conflict between China and the United States.
Recent developments suggest that the US administration, led by President Donald Trump, is set to impose an additional 10% tariff on Chinese goods. This measure would raise the existing tariffs to a total of 20%. At the same time, the United States has leveled accusations against China for failing to curb fentanyl shipments into its territory—a claim China dismisses as a form of extortion. In response, Chinese authorities are said to be exploring a range of counteractions that may include both tariff and non-tariff measures.
1. The US threat of an additional 10% tariff on Chinese products.
2. Accusations that China is not doing enough to stop fentanyl imports into the United States.
3. Consideration by China of applying both tariff and non-tariff measures, specifically targeting American agricultural and food products.
- Implementation of new tariffs on American goods, likely altering bilateral trade dynamics.
- Adoption of non-tariff mechanisms aimed at restricting US exports of agricultural and food items.
- Increased focus on national security and safeguarding domestic producers.
China’s proactive approach to counter the new US tariffs underscores its determination to protect national interests amid the escalating trade war. The planned measures are expected to affect global trade, particularly disrupting supply chains in the agricultural and food sectors. Analysts emphasize that these steps are designed to rebalance the trade relationship between the two economic powerhouses, rather than to serve as direct trade or investment advice.
It’s concerning to see how trade tensions could disrupt the livelihoods of farmers on both sides.