Trump Efforts To Hurt China Meeting Push Back From China

China Retaliates Against Trump Tariffs With Duties on American Meat and Fruit and a higher Rate on meat that will rise 25%, and a 15% tariff is placed on 120 U.S. commodities, including fruit.

China announced plans for reciprocal tariffs on $3 billion of imports from the U.S. — including wine and fruit, which are California specialties — after President Trump’s move to order levies on a variety of Chinese goods sent markets plunging.
In a statement Friday, hours after Trump instructed U.S. Trade Representative Robert Lighthizer to slap tariffs on at least $50 billion in Chinese imports.

“This is an opening gambit by China, signaling that the imposition of tariffs by the U.S. will elicit what Beijing views as a proportionate retaliatory response,” said Eswar Prasad, a former chief of the International Monetary Fund’s China division and now a professor at Cornell University in Ithaca, N.Y. “China has the ability to inflict significant economic harm on U.S. exporters of certain goods and can also use other overt as well as covert actions such as supply-chain disruptions to hurt U.S. manufacturers.”

News Reporter