- President Donald Trump and China are engaged in a nasty trade war, with both sides hitting the other with large tariffs on a variety of goods.
- In response to Trump’s tariffs on Friday, China released a tariff list that will apply to $34 billion worth of US exports to China.
- The list of goods affected by the tariffs includes soybeans, pork, fish, orange juice, and whiskey.
- Here’s a rundown of the major goods that will be subject to the new tariffs.
After months of threats and negotiations, the trade war between the US and China officially launched on Friday with both countries imposing tit-for-tat tariffs.
Soon after the imposition of US President Donald Trump’s 25% tariff on $34 billion worth of Chinese goods, China’s Ministry of Commerce struck back with tariffs of equal size on some US exports to China.
It said the first $34 billion would be followed up by another $16 billion once the US’s second wave of tariffs goes into effect in a few weeks.
While Trump’s tariffs mostly target industrial and tech goods, China is focusing heavily on agricultural products from the US — a move that is likely to not only cause pain to Trump’s political supporters, but leave US farmers with fewer options to divert their crops.
For instance, a US cherry producer told The Washington Post this week that a shipment to China was diverted for further inspection and went bad, resulting in a loss for the US firm. While it’s unclear whether the delay was due to the trade fight, it highlights the danger for farmers caused by increased protectionism.
In response to China’s retaliation, Trump on Tuesday released a list of another $200 billion worth of Chinese goods that could get hit by an additional 10% tariff. China’s Commerce Ministry promised a response were Trump to move forward with the additional measures.
Using China’s product list and the international harmonized system for identifying goods, we picked out the major US products that will get slammed by the new tariff. Check out the list below: