China responds to Trump tariffs with proposed list of US products to target

The world’s second-largest economyhas responded to President Donald Trump’s controversial trade tariffs.

China’s commerce ministry proposed a list of 128 U.S. products as potential retaliation targets, according to a statement on its website posted Friday morning.

The U.S. goods, which had an import value of $3 billion in 2017, include wine, fresh fruit, dried fruit and nuts, steel pipes, modified ethanol, and ginseng, the ministry said. Those products could see a 15 percent duty, while a 25 percent tariff could be imposed on U.S. pork and recycled aluminium goods, according to the statement.

The statement did not go into greater detail. U.S. agricultural products, particularly soybeans, have been flagged as the biggest area of potential retaliation by Chinese President Xi Jinping’s administration.

FOLLOW THE LINK FOR THE FULL REPORT – JR

https://www.cnbc.com/2018/03/22/china-responds-to-trump-tariffs-with-proposed-list-of-us-products-to-target.html

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