China to impose new tariffs on U.S. ag
China launched the latest volley in the ongoing trade war with the United States on Aug. 23, announcing an additional 5% tariff on U.S. soybeans and 10% on U.S. beef and pork, all set to start Sept. 1. They also revealed plans to add 10% duties on U.S. wheat, corn and sorghum starting Dec. 15, according to Reuters.
The new tariffs amount to fees on an additional $75 billion worth of U.S. goods. Other areas to be tariffed include crude oil, small aircraft and cars, marking the latest escalation...
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