China to Target US Ag Exports in Retaliation to Trump Tariffs, Report Says
Beijing is studying ways to retaliate against an increase to 20% in U.S. tariffs to address fentanyl smuggling (see 2502270037), state-run news outlet Global Times reported March 3. China's countermeasures likely will include a combination of tariffs and non-tariff measures, the report said, with American agricultural and food products likely to be targeted.
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A Chinese Foreign Affairs Ministry spokesperson said at a regular press conference in Beijing March 3 that Trump is using "the fentanyl issue as a pretext to threaten China with tariff hikes on its imports. China opposes this move and will do what is necessary to firmly safeguard its legitimate interests."