BEIJING, March 4 (Reuters) – New Chinese tariffs on American agricultural goods will affect some $21 billion worth of U.S. exports, a Reuters analysis of U.S. census data showed.
The biggest blow by value will be to the U.S. soybean trade, the country’s largest agricultural export to China, which will be hit by a 10% tariff and was worth just shy of $13 billion last year, the data showed.
Reuters estimated the overall impact by comparing the 740 items listed by China on Tuesday against the U.S. census’ trade database.
Categories such as vegetables or aquatic products contained hundreds of individual items, ranging from frozen haddock fish to onions. In the case of pork or beef, tariffs covered frozen and fresh meat as well as offal.
For a complete list of the 740 items published by China’s Ministry of Finance see here
China slaps tariffs on $21 billion worth of US agricultural goods
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Reporting by Colleen Howe and Lewis Jackson in Beijing; Editing by Bernadette Baum
Our Standards: The Thomson Reuters Trust Principles.
Lewis is Reuters’ Chief Correspondent for China Commodities and Energy, based in Beijing. He leads a team covering agriculture, metals, and energy in the world’s largest consumer of commodities. Before moving to China, he wrote for Reuters in Sydney.
