President Donald Trump is taking the trade war with China to an unprecedented level that would impose tariffs on nearly every export China sends to the United States.
Following the announcement Monday night by Trump that he is seeking an additional $200 billion worth of tariffs, China is looking to retaliate, again.
Trump says if China does, he would seek to impose another additional $200 billion in tariffs, taxing a total of $450 billion of the $505 billion of Chinese goods sent to the U.S. each year.
In its response, China called the extreme pressure from Trump “blackmail,” adding that if the U.S. becomes “irrational” and issues the proposed list of products, China will “have to adopt” strong countermeasures. China has already vowed to impose tariffs on U.S. agricultural products, such as soybeans and pork, and many others, including corn, sorghum and beef.
From the National Association of Farm Broadcasting News Service.