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China to impose new tariffs on U.S. ag

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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