China to Impose Additional 10%-15% Tariffs on US Imports Starting March 10

China to Impose Additional 10%-15% Tariffs on US Imports Starting March 10

China will implement extra tariffs of 10%-15% on certain U.S. imports beginning March 10, as announced by the Chinese Ministry of Finance on March 4.

The 15% tariffs will target U.S. products such as chicken, wheat, corn, and cotton. Meanwhile, a 10% tariff will be applied to U.S. soybeans, sorghum, pork, beef, aquatic products, fruits, vegetables, and dairy.

This move comes after U.S. President Donald Trump’s new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, escalating trade tensions with the U.S.’s three largest trading partners.

In a separate statement, China’s Ministry of Commerce announced it would add 10 American companies to its "unreliable entity list," primarily involving firms in defense and construction sectors. The ministry condemned the U.S.'s actions and called for renewed dialogue.

Analyst Rosa Wang from Shanghai-based agro-consultancy JCI commented that the short-term impact on China’s domestic market would be minimal, noting that the South American soybean harvest is in season while U.S. soybeans are off-season. Moreover, China’s reliance on U.S. soybeans has decreased, with U.S. soybeans now accounting for only 17% of China's total soybean imports.

However, Wang added that the new tariffs would exacerbate difficulties for Chinese aquatic product exports, particularly tilapia, which now faces a combined tariff of 45%, making exports to the U.S. nearly impossible.

In response, China’s commerce ministry stated that the U.S.'s unilateral tariff actions violate World Trade Organization rules and undermine economic and trade cooperation between the two nations.

In a related development, the Canadian government announced a series of counter-tariffs on U.S. goods in retaliation for Trump’s tariffs. The first round will impose a 25% tariff on approximately C$30 billion ($20.6 billion) worth of U.S. exports, set to take effect at 12:01 a.m. New York time unless the U.S. revokes its measures. A second wave, including tariffs on major items such as cars, trucks, steel, and aluminum, will follow in three weeks.

Tags;

demure,
demure trend,
very demure trend,
give me my money trend,
just give me my money trend,
what is demure trend,
what is the demure trend,
demure meaning,
demure trend meaning,
bta trend,
i love your daughter trend,
gimme my money trend,
nice try diddy trend,
legging legs trend,
hey brother trend,
who started the demure trend,
what is the very demure trend,
where did the demure trend come from,