Trade War Between China and the U.S.

SOURCE www.npr.org
China announced additional tariffs on key U.S. farm products and expanded controls on doing business with U.S. companies in retaliation to Trump's tariffs on Chinese products. The tariffs will affect imports of chicken, pork, soy, beef, and other products. China also added 10 U.S. firms to its unreliable entity list and 15 U.S. companies to its export control list.

Key Points

  • China imposed additional tariffs on key U.S. farm products and expanded controls on U.S. companies.
  • The move is in response to Trump's tariffs on Chinese products.
  • China added 10 U.S. firms to its unreliable entity list and 15 U.S. companies to its export control list.
  • China aims to diversify its sources for farm imports.

Pros

  • China is taking measures to protect its national interests and security.

Cons

  • Tariffs may lead to increased prices for consumers in both countries.
  • Potential negative impact on U.S. farmers who export to China.