Yuyuan Tan Tian: China's move to impose tariffs on US agricultural products is a precise countermeasure

On March 5th, China retaliated against the US's imposition of another 10% tariff on Chinese products on March 4th. It can be seen that the areas of tariffs imposed on the US this time are concentrated in agricultural products. The particularity of Sino-US agricultural trade can be summed up in one sentence: China is the world's largest importer of agricultural products, and the United States is the world's largest exporter of agricultural products. In fact, according to data released by the US-China Business Council, agricultural and animal husbandry exports to China provide far more jobs to the United States than other industries. In 2022, these exports supported about 210,000 jobs. Once China imposes countertariffs, it means that these industries will be hit. The US-China Business Council warned that tariffs would hurt American companies, consumers and farmers. The National Retail Federation also warned that Americans would be forced to pay higher prices for household goods. China has taken firm action and is ready for the future. < br > < img src = "https://flash-scdn.jin10.com/adc2551d-4b46-40e1-8423-5dd3767d2b92.png" referrerpolicy = "no-referrer" >