A tariff for revenge in China on American agricultural goods, with the Business Live | a job
Chinese revenge tariff for American agricultural goods kick with the escalation of the trade war
Another front was opened in Donald Trump’s commercial wars this morning, as revenge definitions in China began on American imports.
The customs tariff, which was announced last week, aims about $ 21 billion in agricultural imports from the United States, in response to the additional tariffs by 10 % imposed on China’s exports to the United States by Trump.
Beijing’s step covers a wide range of commodities. The Chinese ministry said last week that the imports of chicken, wheat, corn and cotton in the United States will face an additional 15 % tariff. Definitions will be increased on thin corn, soybeans, pork, beef, seafood, fruits, vegetables and dairy products by 10 %.
These products will make us more expensive, and hence less competitive, in the Chinese market, which is likely to lead to more imports from other countries instead.
This is bad news for American farmers, and increases the risks that the American economy slows down … or even falls into the dreaded recession.
Main events
German exports fell, a sign of problems sweeping the largest economy in Europe.
Exports from Germany fell by 2.5 % in January, and new data appear, weaker than the 0.5 % increase of economists.
This withdrew the trade balance of Germany to 16 billion in January, a decrease from 20.7 billion in December.
In Creier News for Berlin, industrial production increased by 2.0 % over a month in January.
This may show that the industrial recession in Germany is the bottom. Carsten Barzeski, Macro’s global head in a jobCustomer news:
Today’s bottom data confirms the industrial recession in Germany. However, it is too early to call any major shift. The use of manufacturing capacity is at the lowest levels similar only to those seen during the financial crisis and the initial withdrawal, and the request books decrease again in January with poor foreign demand in particular, and stock levels remain high levels. This still draws a fairly unexpected image of the nation known as an industrial power.
With the US tariff, which is looming on the European Union and the modern version of the “Beggarians” policies by the new American administration, the short-term view of the German industry remains only pink. This is not only because of the potential impact on German exports, but more than the impact on German investments if companies will transfer production to the United States.
Cla Marksons warns of the increasing uncertainty
ClarksonThe world’s largest shipping service provider warned this morning that commercial tensions and geopolitical conflict strike their sector.
Andy case, CEO of the company Clarkson, The shareholders told that both shipping rates and asset values decreased this year, which reached their financial results in 2025.
The case explains:
Several years ago, we started every new financial period with unconfirmed geographical expectations; 2025 began with more uncertainty than most of them due to political change and continuous regional conflicts, increased trade tensions, definitions, sanctions, inflation and monetary policy change in global economies.
As I write this report, the effect of these uncertainty is that shipping rates and asset values have decreased widely, which means that the value of the immediate work that has been done so far is less than the same period last year.
Arrows in Clarkson It decreased by more than 17 % in early trading.
The company also reported basic records before tax for 2024, and an increase of 4 % in the arrow’s profits.
The stock markets in China decreased today, as the double concerns of the fears of the trade war and the contraction were heavy on investors.
the CSI 300 The index decreased by 0.4 %, while in Hong Kong Sniff Sing The index slide by 1.8 %.
Silk OzkardeskayaSenior analyst in Swiss Swiss BankIt is called “ugly sale early in China,” adding:
The week begins a sharp negative note of Chinese stocks, as the latest inflation updates showed that consumers in China have declined more than a year ….
In general, it is expected that the week will bring more Chinese customs tariffs on the United States of the United States and some Canadian products will start today, while the American solid tariff and aluminum will remain from Wednesday.
The American -Chinese trade war comes at a time when the Chinese economy is already struggling with poor inflation.
Consumer prices fell in February, as the consumer price index rate decreased to -0.7 % in February, the first negative reading since January 2024.
“Deepening.” Stephen Enens, Management partner in Asset Management SPI, Adding:
Monday starts with the same DrumbEat the old shrinkage as the consumer enlargement in China took a deeper diving than expected, as it slipped without scratch for the first time in more than a year. The data is reinforced only what was clear for months-fading pressure remains entrenched in the second largest economy in the world.
The real estate sector remains stuck in mud, domestic demand is weak, and despite the bounce on technology shares, the wider wealth effect does not run for consumers.
China also announced new definitions against Canada at the end of last week, creating an early headache for the upcoming Prime Minister Mark Carney.
Beijing brings a tariff that is worth more than $ 2.6 billion of Canadian agricultural and food products, in retaliation for fees on Chinese electric cars, steel and aluminum products presented by Ottawa last October.
The Ministry of Commerce said in a statement.
“Canada’s measures violate the rules of the World Trade Organization in a way, and constitute a typical work of protectionism, which are greatly harmful to China’s legitimate rights and interests.”
China will apply a 100 % tariff to a little more than one billion dollars of Canadian oil made of rapeseed seed, oil cakes and peas imports, and 25 % service to Canadian pork products and meat with a value of 25 %.
Chinese revenge tariff for American agricultural goods kick with the escalation of the trade war
Another front was opened in Donald Trump’s commercial wars this morning, as revenge definitions in China began on American imports.
The customs tariff, which was announced last week, aims about $ 21 billion in agricultural imports from the United States, in response to the additional tariffs by 10 % imposed on China’s exports to the United States by Trump.
Beijing’s step covers a wide range of commodities. The Chinese ministry said last week that the imports of chicken, wheat, corn and cotton in the United States will face an additional 15 % tariff. Definitions will be increased on the delicate corn, soybeans, pork, beef, seafood, fruits, vegetables and dairy products by 10 %.
These products will make us more expensive, and hence less competitive, in the Chinese market, which is likely to lead to more imports from other countries instead.
This is bad news for American farmers, and increases the risks that the American economy slows down … or even falls into the dreaded recession.
Introduction: Trump does not exclude the recession
Good morning, and welcome to our coverage of business, financial markets and global economy.
“If it was not painful, this is not working,” John’s cry was then John Megor in 1989, when the British government tightened politics to combat inflation and pushed the country to recession.
But this could be the great tape of the new American president, which seems comfortable with concerns that can lead to the contraction of the United States.
Donald Trump He refused to say whether his commercial policies mean that the American economy is facing higher stagnation or inflation, on the pretext that the “transition period” occurred.
Instead, he told Fox News Morning Futures:
“I hate prediction of such things. There is a transitional period, because what we do is very large. We return wealth to America. This is a big thing.
There are always periods, it takes some time. It takes some time, but I think it should be great for us. “
The Trump line comments on how the definitions caused “a little disorder”, in his speech on the case of the union last week.
Trump was talking to Fox shortly after the latest American job report, showing the unemployment rate in February, but also an increase in employment-with the height of the salaries of 151,000 in February.
Job data aims to calm some nerves about “Trumpors” looming on the horizon, but economists are concerned that slapping the definitions on the main commercial partners and reducing the federal government will harm growth.
Kyle Rodda, The great financial market analyst in capital.Com, He says:
US President Trump implicitly implicitly tolerated the weakest growth with the “transitions” of the economy, which may expand the morale of investors – with the creation of job opportunities in the private sector greatly exceeding the creation of modest job opportunities in the public sector.
Data that has been added to the idea that the American economy is going through and its performance is close to the rest of the world. The price market, which responds to increasingly disappointing data and negative surprises in the activity, indicates that the Federal Reserve must reinstate interest rates in July, if not June.
