China strikes back at Trump tariffs with 15% levies targeting US farmers
WASHINGTON (AP) — China retaliated against President Donald Trump's tariffs with an additional 15% tax on key American farm products, including chicken, pork, soybeans and beef. The escalating trade tensions punished U.S. markets Monday as investors fearful of the damage from from Trump's trade wars put their money elsewhere.
China tariffs on US farm products start today
Starting Monday, American farmers face new retaliatory tariffs on many products they send to China. The measures include an extra 15% duty on chicken, wheat, corn and cotton and 10% on items including beef and soybeans. Some American farmers say they are worried escalating trade tensions could make it harder to sell their products abroad.
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