March 10, 2025international eventtrade policyagricultural economicsinternational tradetrade policyagricultureinternational relations
China Levies Retaliatory Tariffs on US Farm Exports
After Trump raised China tariffs to 20% on March 4, 2025, China's Ministry of Finance imposed retaliatory tariffs effective March 10 on a broad range of US agricultural products. Soybeans faced an additional 10% tariff on top of the existing 3% most-favored-nation rate, while chicken, wheat, and corn faced 15% levies. The measures directly targeted the farm-state constituencies that had supported Trump in the 2024 election.