Trade War- China fights back
March 23, 2018
list of 128 US products to target
- China on Friday announced plans for reciprocal tariffs on 128 U.S. products that include pork, wine, fruit and steel.
- Beijing said it will take measures against the U.S. goods in two stages if it cannot reach an agreement with Washington.
The world's second-largest economy has responded to President Donald Trump's controversial trade tariffs.
China's commerce ministry proposed a list of 128 U.S. products as potential retaliation targets, according to a statement on its websiteposted Friday morning.
The U.S. goods, which had an import value of $3 billion in 2017, include wine, fresh fruit, dried fruit and nuts, steel pipes, modified ethanol, and ginseng, the ministry said. Those products could see a 15 percent duty, while a 25 percent tariff could be imposed on U.S. pork and recycled aluminium goods, according to the statement.
The statement did not go into greater detail. U.S. agricultural products, particularly soybeans, have been flagged as the biggest area of potential retaliation by Chinese President Xi Jinping's administration.
