Research
China Threatens Duties on US Products… and CBOT Soybean and ICE Cotton Tumble
On 2 April, the office of the United States Trade Representative proposed imposing a tariff of 25% on about 1,300 Chinese products, representing USD 50bn worth of...
The consultation period will last around two months, until a final determination has been made. China’s retaliatory threat came quickly. Shortly after the announcement, China, in turn, announced that it plans to impose a 25% duty on 106 US products – soybeans and cotton, as well as high quality wheat, are on this list. The implementation date will depend on when the US imposes taxes on Chinese goods.
Co-author: Charles Clack
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