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China imposes tariffs on US imports: China has retaliated with new tariffs on American products as US President Donald Trump's levies on the Chinese President came into effect on Tuesday. Beijing will impose a 10-15% tariff on certain U.S. imports starting March 10, the Chinese Ministry of Finance said. The latest Chinese tariffs will cover several American agricultural and food products.
China reacts to Trump's tariffs 
The move followed Trump's doubling down on the duties on Chinese products to 20 per cent. The finance ministry said, "Beijing will impose an additional 15 per cent tariff on US chicken, wheat, corn, and cotton and an extra 10 per cent levy on US soybeans, sorghum, pork, beef, aquatic products, fruits and vegetables, and dairy imports from March 10."
Also on Tuesday, Beijing placed 10 more US firms on its unreliable entity list, which would bar them from engaging in China-related import or export activities and from making new investments in the country.
Which US companies feature in China's unreliable entity list?
The firms include defense companies such as Lockheed Martin Missiles and Fire Control, Lockheed Martin Aeronautics and Lockheed Martin Missile System Integration Lab.
Senior executives of these companies will also be banned from entering China and work permits, and Chinese visitor and residency permissions also will be revoked, the Commerce Ministry said.
Separately, China added 15 US companies to its export control list, including aerospace and defense companies like General Dynamics Land Systems and General Atomics Aeronautical Systems, among others.

 

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