Beijing (AP) – China announced on Tuesday that it will impose extra rates of up to 15% on the import of important American farm products, including chicken, pork, soy and beef, and also do comprehensive checks on business with American companies.
The rates announced by the Ministry of Commerce will take effect from 10 March. They follow the command of US President Donald Trump to increase rates on the import of Chinese products up to 20% across the board. They came into effect on Tuesday.
The import of our grown chicken, wheat, corn and cotton will get an extra 15% rate, said it. The rate on sorghum, soybeans, pork, beef, seafood, fruit, vegetables and dairy products will be increased by 10%.
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On Tuesday, Beijing also placed 10 American companies on his unreliable entity list, which would forbid them to participate in China-related import or export activities and to make new investments in the country.
The stated companies are Tcom, Limited Partnership; Stick Rudder Enterprises LLC; Teledyne Brown Engineering; Huntington Ingalls Industries; S3 Aerodefense; Cubic company; Textore; ACT1 Federal; Exovera and Planate Management Group.
The addition of the 10 companies comes after China added two companies, fashion company PVH Group and Biotechnology Company Illumina last month, to the list of unreliable entities.
Separately, China has added 15 American companies to its export control list, including space and defense companies such as General Dynamics Land Systems and General Atomics Aeronautical Systems, among others.
“China has decided to include 15 American entities that endanger the national security and interests of China in the export control list, prohibiting the export of items for double use of use to them,” the ministry said in a statement.
China is an important importer of American farm products, although purchases fell after Trump had launched a trade war during his first term of office and was then restored.
In 2021-22, the United States recorded record export values to China for soybeans, corn, beef, chicken meat, tree notes and sorghum. Cotton export to China also recovered, according to the US Department of Agriculture. The export from the American farm to China was a total of $ 33.8 billion in tax 2023 and $ 36.4 billion in tax 2022.
But China has diversified its sources for the import of the farm and has bought more soybeans from Brazil and Argentina.
The Ministry of Trade included about two dozen exports of the American farm, including more than 15% rates, including chicken feet and wings, and 711 items with an extra rate of 10%.
