August 5, 2019 1:46 PM
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Laws & Regulations

China: State enterprises to stop imports of US agricultural products

WASHINGTON, D.C./PEKING. After US President Trump announced further tariffs on Chinese goods last week, Bloomberg now reports that China is retaliate with stringent measures.

State enterprises have been asked to stop the import of US agricultural products until further notice. At the G20 summit in June, the two countries agreed to resume negotiations. In addition, Trump had promised that no further tariffs would be intorduced on Chinese products for the time being.

Last week, however, Trump announced that 10% tariffs would be introduced on further products meaning that customs duties would apply to products with a total value of USD 300 billion. Trump justified himself by stating that contrary to agreements, China had failed to increase its imports of US agricultural products. If no agreements are reached, the newly imposed tariffs will rise to 25% or higher. Negotiations are to be continued in September.

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7/1/20
Spain
7/1/20
Algeria
7/1/20
Morocco
7/1/20
Turkey
7/1/20
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7/1/20
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7/1/20
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Crop sizes for Almonds (FAO without shell basis)
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Year
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1,008,336 mt
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69,880 mt
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2018
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2018
61,160 mt
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2018
57,213 mt
China
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