China Imposes New Tariffs On U.S. Meat & Fruit

Jun 2013
28,864
15,457
Ohio
I think the “Make America Great Again” fever amongst farmers and others is about to break.

China imposing new tariffs on US meat, fruit, other products
Source: AP

BEIJING (AP) — China said it’s rolling out new tariffs on meat, fruit and other products from the United States as retaliation against taxes approved by U.S. President Donald Trump on imported steel and aluminum.

The Chinese finance ministry said in a statement that the new tariffs begin Monday. The announcement follows warnings Chinese officials have made for several weeks in an escalating trade dispute between the world’s two largest economies.

China’s Customs Tariff Commission is increasing the tariff rate on pork products and aluminum scrap by 25 percent. It’s also imposing a new 15 percent tariff on 120 other imported U.S. commodities, from almonds to apples and berries.

The White House didn’t respond to a message from The Associated Press on Sunday seeking comment.

Read more: https://www.apnews.com/0a0f09aa5f6d41548729610bbe55d715/China-imposing-new-tariffs-on-US-meat,-fruit,-other-products
 
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imaginethat

Forum Staff
Oct 2010
69,543
29,466
Colorado
Our exports to China.

Exports

China was the United States' 3rd largest goods export market in 2016.

U.S. goods exports to China in 2016 were $115.6 billion, down 0.3% ($330 million) from 2015 but up 115.4% from 2006. U.S. exports to China are up 503% from 2001 (pre-WTO accession). U.S. exports to China account for 8.0% of overall U.S. exports in 2016.

The top export categories (2-digit HS) in 2016 were: miscellaneous grain, seeds, fruit (i.e., soybeans) ($15 billion), aircraft ($15 billion), electrical machinery ($12 billion), machinery ($11 billion) and vehicles ($11 billion).

U.S. exports of agricultural products to China totaled $21 billion in 2016, our 2nd largest agricultural export market. Leading export categories include: soybeans ($1 billion), coarse grains (ex. corn) ($1.0 billion), hides and skins ($949 million), pork and pork products ($713 million) and cotton ($553 million).

U.S. exports of services to China were an estimated $54.2 billion in 2016, 11.6% ($5.6 billion) more than 2015 and 412% greater than 2006 levels. It was up roughly 908% from 2001 (pre-WTO accession). Leading services exports from the U.S. to China in 2015 were in the travel, intellectual property (trademark, computer software) and transport sectors.
https://ustr.gov/countries-regions/china-mongolia-taiwan/peoples-republic-china
 
Nov 2012
5,758
3,491
Kekistan
The only thing we export is stuff other nations absolutely have to have and can not produce. Such as agriculture commodities. We export virtually no consumer goods at all.
 
Jun 2013
28,864
15,457
Ohio
Meat and produce concerns in this country will be significantly hurt by China’s new tariffs.
 
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Jun 2013
28,864
15,457
Ohio
Would that mean that meat and fruit costs would be lower in this country?
No, it means that many farmers that voted for your idiot will close up shop and increase unemployment. It means that huge multinational agribusiness will buy these failed farms for a song and a dance and be able to maintain whatever price they choose. Those of us not graced with square heads understand as much.