China Attempts to Resist US Tariff Measures

According to France International Radio's March 3 report, Trump announced an additional 10% tariff on imports from China, effective from Tuesday. This increases US tariffs on Chinese goods to 20%. Trump stated the decision was due to China's ineffective restrictions on fentanyl entering the US.

China's Foreign Ministry called the move "deceptive."

Global Times reported China is considering countermeasures, potentially including:

New tariffs

Tariff-free measures

Potentially placing US agricultural products on a sanctions list

SIGNIFICANT CONTEXT:

China is the world's largest agricultural imports importer

In 2024, China imported $29.25 billion of US agricultural products

Import volumes have declined 14% compared to the previous year (20% drop in 2023)

ANALYSTS SUGGEST:

China hopes to negotiate and prevent escalation of trade tensions

Currently, prospects for trade dialogue appear low

Any Chinese counter-tariffs on US agricultural products could significantly impact both countries' trade relations and US farmers

The timing is notable, occurring just before two important Chinese conferences, leaving China with less than a week to respond.

Chinese and US trade ministries have not yet officially commented on the situation.