Day after US President Donald Trump confirmed his decision to implement tariffs, China and Canada announced retaliatory measures against America.&nbsp;
Trump's new tariffs include a 25 per cent levy on most imports from Canada and Mexico, with an additional 10 per cent tariff on Canadian energy exports. Moreover, he also increased tariffs on Chinese goods from 10 per cent to 20 per cent.&nbsp;
China on Tuesday (March 4) responded by imposing additional tariffs of 10-15 per cent on a variety of US agricultural imports.&nbsp;
China's finance ministry said that the tariffs would be imposed starting next week.&nbsp;
Also read: <a href="https://www.wionews.com/autonews/trump-imposes-canada-mexico-tariffs-as-trade-war-fears-mount-markets-sink-8777209">Trump imposes Canada, Mexico tariffs as trade war fears mount; markets sink</a>
It further said that an additional 15 per tariff would be imposed on chicken, wheat, corn, and cotton, with further 10 per cent tariffs on sorghum, soy beans, pork, beef, aquatic products, fruits, vegetables, and dairy products.
Meanwhile, Canadian Prime Minister Justin Trudeau said that his country would impose immediate 25 per cent tariffs on over USD 20 billion worth of US imports.&nbsp;
Further, he said to impose tariffs on an additional USD 86 billion worth of products in 21 days.&nbsp;
Also read: <a href="https://www.wionews.com/world/canada-to-impose-retaliatory-tariffs-on-us-says-trudeau-8776043">'Americans will pay more for groceries, lose jobs'; Canada set to impose retaliatory tariffs on US</a>
"Our tariffs will remain in place until the U.S. trade action is withdrawn," Trudeau said, adding that tariffs will disrupt an incredibly successful trading relationship.&nbsp;
Moreover, Mexico&rsquo;s President Claudia Sheinbaum was also expected to announce her response on Tuesday morning.&nbsp;
On Monday, Trump declared at the White House that Mexico and Canada "will have to install a tariff system." The companies must construct their manufacturing facilities, including car plants, within U.S. territory because this option eliminates all tariffs.&nbsp;
Also read: <a href="https://www.wionews.com/world/us-president-donald-trump-confirms-25-per-cent-tariffs-on-canada-10-tariffs-on-china-8762825">&lsquo;Drugs are still pouring in&rsquo;: Trump confirms 25 per cent tariffs on Canada, Mexico; doubles duty on China</a>
He said that starting at 12:01 a.m. EST on Tuesday (0501 GMT) US Customs and Border Protection will implement a 25% duty on Canadian and Mexican goods, and Canadian energy exports will be subject to a 10% tariff. These new Chinese export duties will be enacted at precisely the same moment.
Stocks suffered a rapid market decline when Trump issued his announcement, and bond yield rates decreased. Market participants panicked because they foresaw economic challenges for Mexico and Canada, which led to a depreciation of their national currencies.&nbsp;
<h2>Mexico hits back</h2>
Mexico President Claudia Sheinbaum sais that the country will hit back at US President Donald Trump's tariffs with retaliatory duties of its own.&nbsp;
There was "no reason or justification" for Trump's decision, she said at her morning news conference.
Also read: <a href="https://www.wionews.com/world/russia-china-want-to-hire-federal-employees-elon-musk-doge-us-president-donald-trumps-cost-cutting-efforts-8768824">'Bitter, out of job': Russia, China want to hire federal employees laid off under Trump's cost-cutting&nbsp;efforts</a>
(With inputs from agencies)

World: Trump's new tariffs include a 25% levy on most imports from Canada and Mexico, with an additional 10% tariff on Canadian energy exports. Tariffs on Chinese goods have also increased to 20%.

Day after US President Donald Trump confirmed his decision to implement tariffs, China and Canada announced retaliatory measures against America. Trump's new tariffs include a 25 per cent levy on most imports from Canada and Mexico, with an additional 10 per cent tariff on Canadian energy exports. Moreover, he also increased tariffs on Chinese goods from 10 per cent to 20 per cent. China on Tuesday (March 4) responded by imposing additional tariffs of 10-15 per cent on a variety of US agricultural imports. China's finance ministry said that the tariffs would be imposed starting next week. Also read: Trump imposes Canada, Mexico tariffs as trade war fears mount; markets sink It further said that an additional 15 per tariff would be imposed on chicken, wheat, corn, and cotton, with further 10 per cent tariffs on sorghum, soy beans, pork, beef, aquatic products, fruits, vegetables, and dairy products. Meanwhile, Canadian Prime Minister Justin Trudeau said that his country would impose immediate 25 per cent tariffs on over USD 20 billion worth of US imports. Further, he said to impose tariffs on an additional USD 86 billion worth of products in 21 days. Also read: 'Americans will pay more for groceries, lose jobs'; Canada set to impose retaliatory tariffs on US "Our tariffs will remain in place until the U.S. trade action is withdrawn," Trudeau said, adding that tariffs will disrupt an incredibly successful trading relationship. Moreover, Mexico’s President Claudia Sheinbaum was also expected to announce her response on Tuesday morning. On Monday, Trump declared at the White House that Mexico and Canada "will have to install a tariff system." The companies must construct their manufacturing facilities, including car plants, within U.S. territory because this option eliminates all tariffs. Also read: ‘Drugs are still pouring in’: Trump confirms 25 per cent tariffs on Canada, Mexico; doubles duty on China He said that starting at 12:01 a.m. EST on Tuesday (0501 GMT) US Customs and Border Protection will implement a 25% duty on Canadian and Mexican goods, and Canadian energy exports will be subject to a 10% tariff. These new Chinese export duties will be enacted at precisely the same moment. Stocks suffered a rapid market decline when Trump issued his announcement, and bond yield rates decreased. Market participants panicked because they foresaw economic challenges for Mexico and Canada, which led to a depreciation of their national currencies. Mexico hits back Mexico President Claudia Sheinbaum sais that the country will hit back at US President Donald Trump's tariffs with retaliatory duties of its own. There was "no reason or justification" for Trump's decision, she said at her morning news conference. Also read: 'Bitter, out of job': Russia, China want to hire federal employees laid off under Trump's cost-cutting efforts (With inputs from agencies)

How China is targeting US agriculture with retaliatory tariffs as Trump begins trade war

President Donald Trump has approved steep tariffs on imports of solar panels and washing machines to protect US producers, triggering an outcry in China and South Korea and even protests at home.

Seoul said Tuesday it planned to take the issue to the World Trade Organization while Beijing expressed &quot;strong dissatisfaction&quot;.&nbsp;

&quot;Together with other WTO members, China will resolutely defend its legitimate interests,&quot; its commerce ministry warned, without indicating any specific counteraction.

At home in the US, the move was decried by the solar industry, which said the tariffs would create a &quot;crisis&quot; and cost thousands of US jobs and billions in investment without helping domestic suppliers meet rising demand.

US Trade Representative Robert Lighthizer said the tariffs were imposed after an &quot;exhaustive&quot; review by USTR and the independent US International Trade Commission, which determined that US producers were &quot;seriously injured by imports.&quot;

The administration imposed tariffs of up to 50 per cent on imports of large washing machines over three years, and up to 30 per cent on solar panels over four years.

South Korea, which has signed a free trade deal with the US and is a crucial ally in Washington&#39;s confrontation with North Korea, said it would a file a petition at the WTO.

Its Trade Minister Kim Hyun-Chong said the tariffs were &quot;excessive&quot; and may constitute a &quot;violation of WTO provisions.&quot;

Samsung, South Korea&#39;s biggest firm, said the tariffs were &quot;a tax on every consumer who wants to buy a washing machine.&quot;

&quot;Millions of Americans love their LG washers,&quot; said another South Korean company, LG Electronics, taking umbrage at the decision.&nbsp;

&quot;Consumers should be the ones to decide what washers they want.&quot;

Friction with China

Last year Trump launched dozens of trade cases, taking what his commerce department called &quot;unprecedented&quot; action on trade.

Many have targeted China, the United States&#39; biggest trade partner, which last year ran a record surplus with the US, inciting new ire from Trump.

Targeting Chinese imports can cut both ways for the US.

Imports of cheap Chinese panels helped triple US annual solar electricity generation between 2012 and 2016. But they also drove prices down by 60 percent, causing most US producers to stop production or declare bankruptcy, the USTR said.

The rising imports were spurred by China&#39;s use of state incentives, subsidies and tariffs, and manufacturers have evaded compensatory US tariffs by repeatedly shifting production to new countries, USTR said.

Chinese-made washing machine imports led to a &quot;substantial&quot; decline in market share for US producers, according to USTR.

The director of the Chinese commerce ministry&#39;s trade and remedy investigation bureau said in a statement the US tariffs &quot;not only aroused the concern of many trading partners but were also strongly opposed by many local governments and downstream enterprises in the US&quot;.

&#39;Disappointment&#39; among solar industry&nbsp; 
The US investigation into solar imports was launched following complaints from US companies Suniva, a bankrupt Chinese-owned firm, and SolarWorld, owned by a German concern that declared insolvency in May.

The Solar Energy Industries Association (SEIA) said its members expressed &quot;disappointment&quot; at the decision.

The new tariffs will cause the loss of about 23,000 American jobs and the cancelation or delay of billions of dollars in solar investment, the group said in a statement.

The tariffs will not help meet US demand but &quot;will create a crisis in a part of our economy that has been thriving, which will ultimately cost tens of thousands of hard-working, blue-collar Americans their jobs,&quot; said SEIA president Abigail Ross Hopper. 
&nbsp;

Seoul said Tuesday it planned to take the issue to the World Trade Organization while Beijing expressed 'strong dissatisfaction'

President Donald Trump has approved steep tariffs on imports of solar panels and washing machines to protect US producers, triggering an outcry in China and South Korea and even protests at home. Seoul said Tuesday it planned to take the issue to the World Trade Organization while Beijing expressed "strong dissatisfaction". "Together with other WTO members, China will resolutely defend its legitimate interests," its commerce ministry warned, without indicating any specific counteraction. At home in the US, the move was decried by the solar industry, which said the tariffs would create a "crisis" and cost thousands of US jobs and billions in investment without helping domestic suppliers meet rising demand. US Trade Representative Robert Lighthizer said the tariffs were imposed after an "exhaustive" review by USTR and the independent US International Trade Commission, which determined that US producers were "seriously injured by imports." The administration imposed tariffs of up to 50 per cent on imports of large washing machines over three years, and up to 30 per cent on solar panels over four years. South Korea, which has signed a free trade deal with the US and is a crucial ally in Washington's confrontation with North Korea, said it would a file a petition at the WTO. Its Trade Minister Kim Hyun-Chong said the tariffs were "excessive" and may constitute a "violation of WTO provisions." Samsung, South Korea's biggest firm, said the tariffs were "a tax on every consumer who wants to buy a washing machine." "Millions of Americans love their LG washers," said another South Korean company, LG Electronics, taking umbrage at the decision. "Consumers should be the ones to decide what washers they want." Friction with China Last year Trump launched dozens of trade cases, taking what his commerce department called "unprecedented" action on trade. Many have targeted China, the United States' biggest trade partner, which last year ran a record surplus with the US, inciting new ire from Trump. Targeting Chinese imports can cut both ways for the US. Imports of cheap Chinese panels helped triple US annual solar electricity generation between 2012 and 2016. But they also drove prices down by 60 percent, causing most US producers to stop production or declare bankruptcy, the USTR said. The rising imports were spurred by China's use of state incentives, subsidies and tariffs, and manufacturers have evaded compensatory US tariffs by repeatedly shifting production to new countries, USTR said. Chinese-made washing machine imports led to a "substantial" decline in market share for US producers, according to USTR. The director of the Chinese commerce ministry's trade and remedy investigation bureau said in a statement the US tariffs "not only aroused the concern of many trading partners but were also strongly opposed by many local governments and downstream enterprises in the US". 'Disappointment' among solar industry The US investigation into solar imports was launched following complaints from US companies Suniva, a bankrupt Chinese-owned firm, and SolarWorld, owned by a German concern that declared insolvency in May. The Solar Energy Industries Association (SEIA) said its members expressed "disappointment" at the decision. The new tariffs will cause the loss of about 23,000 American jobs and the cancelation or delay of billions of dollars in solar investment, the group said in a statement. The tariffs will not help meet US demand but "will create a crisis in a part of our economy that has been thriving, which will ultimately cost tens of thousands of hard-working, blue-collar Americans their jobs," said SEIA president Abigail Ross Hopper.

Trump angers China, South Korea with new trade tariffs

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How China is targeting US agriculture with retaliatory tariffs as Trump begins trade war

Trump angers China, South Korea with new trade tariffs