- China announced retaliatory tariffs on US-origin goods, especially agricultural products, on 4 March 2025.
- This move followed US President Trump’s increase of tariffs on Chinese products.
- Trump’s tariffs were aimed at addressing the flow of fentanyl into the US.
- China’s tariffs include a 15 percent levy on chicken, wheat, corn, and cotton.
- A 10 percent levy applies to sorghum, soybeans, pork, beef, aquatic products, fruit and vegetables, and dairy products.
- Goods shipped before 10 March and imported by 12 April are exempt from new levies.
- China filed a complaint at the World Trade Organisation and announced export controls on critical minerals to the US.
- President Trump’s tariff actions have created a volatile trade environment and raised fears of a trade war.
- Affected enterprises should assess supply chain risks and monitor tariff policy updates to mitigate trade risks.
Source: bdo.global
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
