China has imposed new tariffs of 10 to 15 percent on U.S. agricultural imports worth approximately $210 billion. This move comes in response to U.S. President Donald Trump’s recent decision to increase tariffs on Chinese goods.
The trade tensions between China and the U.S. are escalating again. Recently, President Trump imposed an additional 10 percent tariff on Chinese products, bringing the total tariff to 20 percent on Chinese imports starting March 4. The U.S. administration claims that China is not taking adequate measures to curb drug trafficking.
In retaliation, China has imposed new tariffs on U.S. agricultural and food products and has issued export and investment bans against 25 American companies.
China has applied a 15 percent tariff on chicken, wheat, corn, and cotton, while a 10 percent tariff has been set on soybeans, sorghum, beef, pork, fruits, vegetables, and dairy products.
China’s foreign ministry stated that it would not bow to any threats or pressure, describing the U.S. policy as “blackmail.” However, analysts believe China still keeps the door open for negotiations.
Economic Impact
The trade war could be a significant blow to American farmers, as China is the largest market for U.S. agricultural products. Imports of American agricultural goods in China have already declined. In 2024, China imported $292.5 billion worth of U.S. agricultural products, down from $428 billion in 2022.
Experts warn that if the two countries fail to reach a settlement through negotiations, the tariff rate could increase to as much as 60 percent, severely disrupting supply chains and forcing U.S. farmers to find alternative markets.
Analysts believe this new phase of the U.S.-China trade war could negatively affect both economies. While China has signaled a willingness to negotiate, there are concerns that the situation could become more complicated.