While President Donald Trump insists the U.S. is not in a full-blown trade war with China, citing that the “war was lost many years ago,” the countries are still going tit-for-tat on tariff announcements.
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China announced on Wednesday additional tariffs on 106 U.S. products, after previously announcing tariffs on pork, fruit and a few other U.S. products earlier this week, in retaliation to Trump’s proposed tariffs on more than 1,300 imported goods from the country, which the administration made on Tuesday.
The trade showdown was initially sparked in early March, when Trump announced a 25% tariff on steel and 10% on aluminum exports.
The news has forced big U.S. businesses to plea with lawmakers and Trump to iron out these disagreements as the tariffs will result in lost revenue and jobs for Americans.
While the effective start date for the new charges will be revealed at a later time, according to China’s Ministry of Commerce, the tariffs are designed to target up to $50 billion of U.S. products annually.
Here is list of the top 30 U.S. products that China is targeting.
- Corn flour
- Certain fruits, including apples
- Uncombed cotton, cotton linters
- Aluminum straps
- Brewing or distilling dregs and waste
- Other durum wheat
- Wheat and mixed wheat
- Whole and half head fresh and cold beef
- Fresh and cold beef with bones
- Fresh and cold boneless beef
- Dried cranberries
- Frozen orange juice
- Non-frozen orange juice
- Types of tobacco, including cigars and cigarettes
- SUVs with discharge capacity of 2.5L to 3L
- Vehicles with discharge capacity of 1.5L to 2L
- Passenger cars with discharge capacity 1.5L to 2L, 9 seats or less
- Off-road vehicles with discharge capacity of 2L to 2.5L
- Other gasoline trucks of less than five tons
- Liquefied propane
- Other polyesters
- Certain lubricants
- Aircraft with an empty weight of more than 15,000kg but not exceeding 45,000kg
- Certain plastics