China ‘firmly rejects’ additional U.S. tariffs, says it will implement countermeasures
Published On Mar 3, 2025, 8:32 PM
China has firmly rejected additional U.S. tariffs imposed on its goods and plans to respond with countermeasures. The Ministry of Commerce criticized the tariffs, stating they harm U.S.-China trade relations, and indicated that retaliatory actions might include tariffs on U.S. agricultural products. Following a recent round of tariffs that raises the average effective U.S. tariff rate on Chinese goods significantly, tensions between the two countries appear to be escalating.
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The continued escalation of trade tensions could significantly impact companies heavily reliant on trade with China. If China implements its threatened retaliatory tariffs, particularly on agricultural exports, U.S. farmers and associated companies may see revenue declines.
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