China Institutes New Tariffs on American Foods
How do you like them apples? After President Donald Trump levied high tariffs on Chinese steel and aluminum, Beijing has responded in kind with duties on 128 American goods, including tariffs of 15 percent on fruit and 25 percent on pork. China’s finance ministry says the penalties are necessary to balance damage done by Trump’s punishing tariffs, which it claims violate global trading rules. Later this week, the Trump administration is expected to announce a list of Chinese products it identifies as intellectual property violations.