Live Updates: China Hits U.S. With Retaliatory Tariffs on Food
“China retaliated against US tariffs with tariffs on US food imports. The tariffs, which impact a wide range of products, are likely to result in higher prices for consumers.
China’s response: Moments after President Trump’s tariffs kicked in, China’s Ministry of Finance said that it was imposing tariffs of as much as 15 percent on a wide range of food imports from the United States.
Tariff basics: Trade wars were a feature of Mr. Trump’s first term in the White House. But his latest tariffs on Canada, Mexico and China may broaden the scale of disruptions since the three countries account for more than a third of the products brought into the United States, supporting tens of millions of American jobs. Read more ›
Sticker shock: The tariffs are likely to result in higher prices for a wide variety of products, including cars, cellphones, computers, tequila, avocados and gasoline. Read more ›
Mexico pushes back: As President Trump uses the hammer of tariffs as a negotiating tool against Mexico, a sense of Mexican nationalism has been strengthened, and the country’s president, Claudia Sheinbaum, has seen her approval ratings rise. Read more ›
Canadian reaction: It remains unclear what is at the root of Mr. Trump’s love-hate relationship with Canada. But there is widespread consensus in the country that tariffs would inflict major damage on Canada’s economy, which is dependent on exports as well as industries that are tightly integrated with the American market, and could lead to retaliation.“
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