Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business

US Soybeans, Energy: Who Is Hit By China's Tariff Retaliation?

US agricultural exports are poised to be hard-hit if Washington and Beijing move forward with steep new tariffs, analysts say (Credit: AFP)

US agricultural exports, fuels and manufactured goods are set to take a hit from China's blanket retaliation against President Donald Trump's sharp tariffs, with both sets of measures due to take effect next week.

After Trump announced a 34-percent new tariff on imports of Chinese goods -- taking the added rate imposed this year to 54 percent -- Beijing said it would slap an equivalent across-the-board tariff on US goods, among other countermeasures.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.