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China retaliates against United States over trade
Associated Press - April 3, 2018

WASHINGTON, DC (AP) — China responded to President Trump’s added tariffs on China steel and aluminum imports to the U.S., by imposing  $3 billion of tariffs on U.S. farm goods and other exports this week, bringing the world’s two largest economies closer to a full-on trade conflict.

In retaliation for US measures to limit steel and aluminum imports from China, the communist country announced its first round of import duties on many US agriculture exports, effective immediately. China released a list of over 128 US exports to that country that tariffs of 15% and more will be added. It included pork, fruits and nuts.

Then on Wednesday, April 4, 2018,  China raised tariffs by 25 percent on more U.S. goods including soybeans, cars, whisky, orange juice, frozen beef and chemicals,  with no implementation date released.

The Communist Commerce Ministry on Wednesday criticized the U.S. first-move to limit steel and aluminum imports from China into the U.S.  as a violation of global trade rules and said China was acting to protect its "legitimate rights and interests."

Companies and investors worry the conflict will dampen worldwide commerce and set back the global economic recovery. The agriculture trade is anticipating a major disruption in the supply chain of US agriculture and forest products. 



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