Thursday, May 23, 2024

U.S. and China ramp up trade war

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By Barbara Olejnik

Poultry Times staff

WASHINGTON — The trade war between the U.S. and China has heated up following retaliatory tariffs imposed by the two countries on each other's products.

The U.S., on May 10, announced it was hiking tariffs on $200 billion of Chinese goods from 10 percent to 25 percent.

China followed on May 13 with an announcement that it was imposing tariffs ranging from 5 percent to 25 percent on $60 billion worth of U.S. imports.

Both sets of tariffs are scheduled to go into effect on June 1.

The. . .

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