740 Items Including Chicken Increase by 10-15%
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, ‘China’s “second retaliatory tariffs” imposed on U.S. agricultural products in response to the “10+10% tariff increase” by the Donald Trump administration came into effect from midnight on the 10th (local time in China). Barely two months after the new U.S. administration took office, the U.S.-China tariff war is intensifying. As President Trump had promised a “60% tariff against China” during the election period, there are concerns that the dispute between the two countries, which could affect global economies, may further escalate.’,
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, ‘Previously, China’s State Council Tariff and Tax Committee announced on the 4th that it would raise tariffs on U.S. chicken, wheat, corn, and cotton (a total of 29 items) by 15%, and tariffs on sorghum, soybeans, pork, beef, seafood, fruits, vegetables, and dairy products (a total of 711 items) by 10%. ▶Related article on page 4’,
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, ‘This tariff war officially started last month when the U.S. imposed an additional 10% tariff on all Chinese imports, citing the fentanyl issue, referred to as a “zombie drug.” In response, when the U.S. began increasing tariffs last month, China immediately announced additional 15% tariffs on U.S. coal and liquefied natural gas (LNG) and 10% tariffs on crude oil, agricultural machinery, large vehicles, and pickup trucks. They officially implemented these tariffs on the 10th of last month.’,
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, ‘However, with the U.S. imposing an additional 10% tariff from the 4th of this month, China extended its retaliatory tariffs to include U.S. agricultural products.’,
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, ‘Nevertheless, while strongly criticizing the U.S., China also kept the door open for dialogue.’,
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, ‘On the 4th, the Ministry of Foreign Affairs of China stated, “If the U.S. insists on pursuing a tariff war, trade war, or any confrontation with ulterior motives, China will stand resolute.” However, they added, “We advise the U.S. to abandon its bullying attitude and quickly return to the right path of dialogue and cooperation.”‘,
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, ‘Yet, formal negotiations for a ceasefire in the U.S.-China tariff war have not taken place.’,
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, ‘With President Trump reconfirming mutual tariff impositions starting from the 2nd of next month, there are speculations that the tariff war will exacerbate.’,
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, ‘In an interview with Fox News aired on the 9th, President Trump, when asked if the ever-changing tariff measures might give the industry a clear sense, responded, “I think so,” adding, “Tariffs may go up over time, and they probably will.”‘,
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, ‘When asked about the possibility of further changes following mutual tariffs on April 2nd, he replied, “Some tariffs might go up depending on the situation,” adding, “I don’t think they will go down.” Kim Young-chul, Reporter’,
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