Create a free Feed & Grain account to continue reading

China Targets U.S. Farm Imports With Tariffs

Penalties on beef, cotton, wheat, sorghum, rice start July 6

Container 1611490 960 720

Trade tensions between the U.S. and China ratcheted higher after the Asian nation said it will follow through on plans to levy tariffs on a range of American farm goods including soybeans and corn, reports Bloomberg.

An additional 25% tariff will levied on about $50 billion of U.S. imports, China’s Ministry of Finance said Saturday in a statement on its website.

Tariffs on about $34 billion of those imports will start July 6, covering agricultural products including: soy, corn, wheat, cotton, rice, sorghum, beef, pork, poultry, fish, dairy products, nuts and vegetables.

China still buys more soybeans from the U.S. than any other agricultural commodity, -- it’s the world’s biggest importer and America’s largest buyer.

Read the full report here.

Page 1 of 72
Next Page