Connect with us

Hi, what are you looking for?

News

China Bans Importation of US Farm Produce

IN what seems to be a hit back at the United States of America over last Thursday’s announcement by President Donald Trump that he would up tariffs on $300bn worth of Chinese goods to 10 per cent from September 1, 2019, the Chinese government has asked its companies to stop buying farm produce from the US.

According to a statement from the Chinese Ministry of Commerce, China is also considering hiking import duties on farm products dating back to August 3, 2019.

The tariffs are to come on top of the 25 per cent levies already imposed over the past year on 250 billion dollars’ worth of Chinese products.

When they take effect, all Chinese goods coming into the U.S will be subject to punitive tariffs.

The Chinese ministry called the latest tariffs a “serious violation” in the ongoing trade war between the world’s two largest economies.

 

_____

Follow us on Twitter at @thesignalng

Copyright 2019 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant source.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Related

World

America’s oldest president, Joe Biden, earned backing from an unexpected supporter due to his age: The Democrat was “not too old” to run for...

News

A federal judge on Monday set a date of March 4, 2024, for Donald Trump’s election subversion conspiracy trial — placing one of the...

News

Donald Trump, a former US president, claimed on Tuesday that he had received a letter from prosecutors indicating that he was likely to face...

News

Former U.S. President Donald Trump was placed under arrest shortly after arriving at a heavily fortified Miami courthouse on Tuesday afternoon to face his...

Copyright ©