China Adds Duties on American Meat and Fruit

By Nick Baum

MONDAY – 4/2/18

China has implemented new tariffs on United States trade as a response to planned tariffs by President Trump on steel and aluminum. In his speech regarding his tariffs in Pittsburgh, Trump made emphasis on Chinese trade and on how tariffs are needed.

The tariffs themselves, being on steel and aluminum, drove China to do the same in different industries. As a response, China has added a 25% tax on pork along with eight other types of meat from the US, and a 15% tax on fruit imported from the US, along with eighty other commodities.

China’s followed promise also means that other countries might follow through with their tariffs, as the European Union earlier this March planned to add tariffs of their own. The amount of tariffs implemented is estimated to cost the US up to 3 billion dollars, and can damage many farmers’ jobs.

Sources: Wall Street Journal, NBC News

 

Published by

Nick

Hey, I'm head of The Daily Nick. Other interests include soccer, photography, and arguing with people who disagree with me.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s