China has announced Tuesday additional upto tariffs and export controls on goods and companies in response to recent United States tariff increases on Chinese imports.
These measures are in retaliation to the U.S. increasing tariffs on Chinese imports to 20% as of March 4.
China is imposing new tariffs on U.S. agricultural goods, including a 15 per cent tariff on corn and a 10 per cent tariff on soybeans, according to the Ministry of Finance.