China imposes additional tariffs in response to U.S. duties on steel, aluminum

[TheCount]

China has slapped extra tariffs of up to 25 percent on 128 U.S. products including frozen pork, as well as on wine and certain fruits and nuts, in response to U.S. duties on imports of aluminum and steel, China’s finance ministry said.

The tariffs, to take effect on Monday, was released late on Sunday and matches a list of potential tariffs on up to $3 billion in U.S. goods published by China on March 23.



China’s Ministry of Commerce (MOFCOM) said it was suspending its obligations to the World Trade Organization (WTO) to reduce tariffs on 120 U.S. goods, including fruit. The tariffs on those products will be raised by an extra 15 percent.

https://www.reuters.com/article/us-usa-trade-china/china-imposes-additional-tariffs-in-response-to-u-s-duties-on-steel-aluminum-idUSKCN1H81J3

[Swordsmyth]

They have more to lose than we do and less room to maneuver, they will lose and we will be better off.

[spudea]

oh no! our $130B of exports vs their $505B of imports. Don't, stop, come back!

https://media.giphy.com/media/Bu8ADbj7NuRry/giphy.gif

[TheCount]

oh no! our $130B of exports vs their $505B of imports. Don't, stop, come back!
http://i0.kym-cdn.com/photos/images/original/001/051/601/579.png

[Zippyjuan]

The Chinese tariffs will hit rural people the most. Trump Country. China is currently refraining from tariffs on soy and sorghum. China buys about a third our our soy output.

[TheCount]

The Chinese tariffs will hit rural people the most. Trump Country. China is currently refraining from tariffs on soy and sorghum. China buys about a third our our soy output.
This is part of the nefarious plot to crash the price of soy while simultaneously making other foodstuffs more expensive, thus turning all the men in rural America in un-MAGA-capable soy boys.

[Influenza]

This is part of the nefarious plot to crash the price of soy while simultaneously making other foodstuffs more expensive, thus turning all the men in rural America in un-MAGA-capable soy boys.
nice 1

[LibertyEagle]

This is part of the nefarious plot to crash the price of soy while simultaneously making other foodstuffs more expensive, thus turning all the men in rural America in un-MAGA-capable soy boys.

Doubtful. Because pussy boys don't live in rural America. They know how to hunt.

[nobody's_hero]

Anyone else just happy to see the WTO being ignored?

[Swordsmyth]

Anyone else just happy to see the WTO being ignored?

I am.