China hits US agriculture, says won't be bullied by fresh Trump tariffs
Reuters
China swiftly retaliated against new U.S. tariffs on Tuesday, imposing levies on $21 billion worth of American agricultural and food products, alongside export and investment restrictions on 25 U.S. firms. The move escalates tensions between the world’s two largest economies, edging closer to a full-scale trade war.
Beijing’s response follows U.S. President Donald Trump’s 10% tariff increase on Chinese goods, now totaling 20%, citing insufficient action on drug trafficking. China dismissed the claims, calling them “blackmail,” but set its tariff hikes below 20%, signaling room for negotiation. The measures target key U.S. exports, including soybeans, corn, pork, and dairy, while new restrictions impact U.S. firms dealing in dual-use technologies and arms sales to Taiwan.
Analysts warn of broader economic disruptions, with U.S. inflation risks and China’s post-COVID recovery at stake. Meanwhile, alternative markets like Brazil and Australia could benefit as trade realigns amid ongoing tensions.
Reuters
China swiftly retaliated against new U.S. tariffs on Tuesday, imposing levies on $21 billion worth of American agricultural and food products, alongside export and investment restrictions on 25 U.S. firms. The move escalates tensions between the world’s two largest economies, edging closer to a full-scale trade war.
Beijing’s response follows U.S. President Donald Trump’s 10% tariff increase on Chinese goods, now totaling 20%, citing insufficient action on drug trafficking. China dismissed the claims, calling them “blackmail,” but set its tariff hikes below 20%, signaling room for negotiation. The measures target key U.S. exports, including soybeans, corn, pork, and dairy, while new restrictions impact U.S. firms dealing in dual-use technologies and arms sales to Taiwan.
Analysts warn of broader economic disruptions, with U.S. inflation risks and China’s post-COVID recovery at stake. Meanwhile, alternative markets like Brazil and Australia could benefit as trade realigns amid ongoing tensions.
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iSPARK INDICATOR🔥
NIFTY Going to bleed tomorrow
dow jones was Down by 900 Points but recovered at last but still closed at 400 point minus
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BTST BUY #BIOCON CMP 315.65
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STBT SELL #BAJAJFIN CMP 8620
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Market seems close to ending its correction, but 21700-21800 will be tough to break. Today’s reversal isn’t confirmation just go with the flow and keep booking profits. Pullbacks are trapping trades, so stick to intraday only
iSPARK INDICATOR🔥
BTST BUY #BIOCON CMP 315.65
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