China strikes back: Slaps retaliatory tariffs on US imports
China has hit back at US tariffs with new duties on American agricultural and food products, effective March 10. Beijing announced 10% tariffs on soybeans, sorghum, beef, dairy, and more, while chicken, wheat, and cotton will face 15% duties. Alongside tariffs, China also restricted exports and investments from 25 US firms.
This move follows the US decision to double tariffs on Chinese goods to 20% and impose a new 25% duty on imports from Canada and Mexico. President Trump justified the action by blaming China for fentanyl production.
Canada and Mexico responded swiftly. Canada announced 25% tariffs on $107 billion worth of US goods, starting immediately. Prime Minister Justin Trudeau warned that more duties could follow within 21 days. Meanwhile, Mexican President Claudia Sheinbaum assured that Mexico has multiple backup plans to counter US tariff hikes.
With trade tensions escalating, global markets remain on edge. Given your preference for active voice and concise news writing, this version keeps it sharp, fast-paced, and easy to digest. Let me know if you’d like further tweaks!
