A few minutes after the new US tariffs.
These duties will be aware of the similar rates imposed during the commercial war of the first Trump administration in 2018. Some of those rates are already 25%, although Beijing issued some exemptions as a result of the commercial agreement of 2020 “Phase one”.
The new tariffs will enter into force for the products sent next Monday, March 10.
Workers sit in front of steel products in a steel market in the Chongqing municipality of southwest China on March 2, 2025.
Stringer/AFP through Getty Images
Although American farmers are likely to feel the pinch, the Chinese response is characterized as extinguished and contained compared to the amplitude of Trump’s radical tariffs in all Chinese products. In the years elapsed since Trump’s first administration, China has moved to diversify its imports, reducing its dependence on US agricultural assets.
China also added 10 American companies on Tuesday in its version of the entity list, apparently for its activities in Taiwan. Companies seem to be mainly related to defense and intelligence, so it is unlikely to have a great footprint within continental China.
The president of China, Xi Jinping, arrives at the opening ceremony of the Chinese people’s political advisory conference in the great town hall of Beijing on March 4, 2025.
Adek Berry/AFP through Getty Images
Tuesday’s actions, however, may not be the end of Beijing’s reprisals.
The parliamentary session of a week of one week in China, the National Congress of the People, opens on Wednesday and is expected to display the country’s economic plan for the year, including ways of safeguarding its economy.
-ABC News’ Karson Yiu
