From Financial Modeling Prep: 2025-03-04 05:54:56

China retaliates against Trump’s 20% tariff hike with new tariffs on U.S. imports. Measures include 15% tariffs on chicken, wheat, corn, and cotton, and 10% tariffs on soybeans, sorghum, pork, beef, and more. China also adds U.S. entities to export control list and blacklists firms like Illumina Inc.

Trump’s tariff increase targets China’s fentanyl flow, while imposing 25% tariffs on Canada and Mexico. Latest tariffs coincide with China’s upcoming stimulus measures. The tit-for-tat tariffs hint at a renewed trade war, despite recent talks of a new trade agreement between the U.S. and China.



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