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Home»Finance»China to impose extra tariffs of 10%-15% on various US products
Finance

China to impose extra tariffs of 10%-15% on various US products

March 4, 2025No Comments3 Mins Read
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China to impose extra tariffs of 10%-15% on various US products
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(Reuters) -China on Tuesday swiftly retaliated towards recent U.S. tariffs, asserting 10%-15% hikes to import levies masking a variety of American agricultural and meals merchandise, and inserting twenty-five U.S. companies below export and funding restrictions.

COMMENTS:

WANG ZHUO, PARTNER AT HEDGE FUND ZHUOZHU INVEST, SHANGHAI

Elevating tariff on China “will possible harm the U.S. itself because it wants low-cost Chinese language merchandise to convey down inflation. Larger tariffs on U.S. agriculture merchandise can even negatively influence China”, however countermeasures are politically obligatory. “So, it could be smart to make some symbolic transfer with out triggering an escalation in tensions.”

DENNIS VOZNESENSKI, ANALYST, COMMONWEALTH BANK, SYDNEY

“Chinese language tariffs on U.S. wheat and corn imports ought to be supportive for demand for Australian wheat and barley exports. Nevertheless, China’s current slowdown in imports of feed grains from all origins ought to mood the thrill.”

WAN CHENGZHI, ANALYST, CAPITAL JINGDU FUTURES, DALIAN CITY

“Contemplating that China’s peak import interval for U.S. soybeans has already handed, the influence of those countermeasures on the overall quantity of U.S. soybean imports is restricted. Any worth will increase sooner or later are more likely to be extra of an emotional market response.”

OLE HOUE, DIRECTOR OF ADVISORY SERVICES, IKON COMMODITIES, SYDNEY

“It’s broadly adverse for U.S. agricultural markets. It’ll have a bearish affect on costs. There are sufficient corn and soybean provides on this planet for China to make the swap, it’s extra of a difficulty for the U.S., 30% of U.S. soybeans nonetheless go to China.”

EVEN PAY, AGRICULTURE ANALYST, TRIVIUM CHINA

“It is notable that Beijing’s response is restrained. Trump has now imposed a complete of 20% tariffs on all Chinese language merchandise. China’s tariffs influence a restricted variety of U.S. merchandise, and stay beneath the 20% stage. That is by design. China’s authorities is signalling that they don’t need to escalate, they need to deescalate.

“It is honest to say we’re within the early days of Commerce Warfare 2.0. There’s nonetheless time and area to keep away from a protracted, entrenched commerce warfare if Trump and Xi can strike a deal.”

ROSA WANG, ANALYST, SHANGHAI-BASED AGRO-CONSULTANCY JCI

“From the availability and demand perspective, the short-term influence on the home market will not be important. The explanations are: 1. It’s presently the South American soybean season, whereas the U.S. soybean is within the low season; 2. The quantity of U.S. soybeans bought by China has decreased, and the proportion of U.S. soybeans in China’s soybean imports has dropped to 17%.

“Nevertheless, the massive variety of merchandise concerned this time will add additional difficulties to China’s aquatic product exports to the U.S., particularly tilapia exports. With the extra 10% tariff, the tariff on tilapia exports to the U.S. will attain 45%, making it mainly inconceivable to export to the U.S.”

(Reporting by Reuters Asia bureaus; Compiled and edited by Subhranshu Sahu)

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