In response to President Donald Trump’s recent escalation of tariffs on Chinese imports, China has implemented a series of countermeasures. On March 4, 2025, the Trump administration increased tariffs on Chinese goods from 10% to 20%. In retaliation, China announced additional tariffs on U.S. agricultural products, including a 15% tariff on chicken, wheat, corn, and cotton, and a 10% tariff on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products, effective March 10, 2025.
Beyond tariffs, China has taken further actions against U.S. companies. The Chinese Commerce Ministry added over two dozen American companies to export control and corporate blacklists, restricting their ability to operate within China. Additionally, China filed a lawsuit with the World Trade Organization challenging the U.S.’s tariff increases.
These developments have raised concerns about a potential escalation into a broader trade war, with significant implications for global trade dynamics. Financial markets have reacted to these tensions, reflecting the uncertainty surrounding U.S.-China trade relations.
