Ohio Farmers Worried After China Retaliates With Tariffs Of Its Own

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The Chinese government said that tariffs on about $3 billion worth of United States imports are going into effect Monday, hitting 128 products ranging from pork, meat, and fruit to steel pipes. Tim Walz, who represents one major USA pork producing county and is running for governor, said in a statement prepared for Roll Call.

China raised import duties on a $3 billion list of USA goods in response to the tariffs on imported steel and aluminium that President Donald Trump ordered last month.

Regardless of whether it's Trump or Chinese President Xi Jinping ordering the tariffs, Americans stand to lose. He also called it good news that the USA and China are talking with each other.

The trade war between China and the U.S. escalated on Monday, with Beijing slapping a tariff as high as 25 per cent on 128 American products.

"We hope that the United States can withdraw measures that violate WTO rules as soon as possible to put trade in the relevant products between China and the USA back on a normal track", the ministry statement said.

Roll Call contacted almost 20 House and Senate offices that represent areas that are big exporters of agricultural output like pork, one of the most lucrative products overseas for US producers.

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But the new tariffs will close the arbitrage again, pushing up the price of US ethanol to around 6,300 yuan ($1,003.58) per tonne after taxes, on par with domestic prices, the market sources said. Other companies with a big presence in the Chinese market include Texas Instruments, Intel, 3M, Qualcomm and Nike.

The US, meanwhile, is expected to unveil a further list of advanced technology Chinese imports worth tens of billions of dollars on which tariffs are to be levied to punish Beijing over technology transfer policies. Boeing CEO Dennis Muilenburg told CNBC in mid-February that he wanted a "balanced approach to China". "We need someone in the Oval Office who is going to put the interests of America's farmers and the working-class over their own self-interest".

Many congressional Republican lawmakers often choose to go dark rather than offend Trump over his policies - largely because he continues to poll strongly in red districts and states. "It's becoming the world's biggest airplane market", Muilenburg said.

"These retaliatory tariffs will disproportionately affect hardworking American pork packers and producers", said Barry Carpenter, chief executive of the North American Meat Institute, a Washington, D.C. -based trade group representing meat companies including Tyson Foods Inc. and Smithfield Foods Inc.

The ministry said it had Chinese public opinion on its side after asking for views about the trade measures.

The Chinese Finance Ministry said it was responding to a US tariff hike on steel and aluminum that took effect March 23. The US has alleged that China tries to appropriate its intellectual property through joint venture requirements, takeovers of US firms, and theft.

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Monday's tariff increase will hit American farm states, many of which voted for Trump in 2016.

"In general, this is part of the overall trade negotiations the Trump administration has", he said.

USA imports had recently picked up after prices fell enough to be attractive even with the high duties. "Multinationals and their suppliers would look for alternative facilities outside China, some would probably decamp from the mainland altogether for cheaper climes", Bloomberg said.

The agency's "Section 301" investigation authorizing the tariffs alleges China has systematically sought to misappropriate USA intellectual property through joint venture requirements, unfair technology licensing rules, purchases of U.S. technology firms with state funding and outright theft.

Trump has repeatedly railed against China's massive trade surplus with the USA and promised during the election campaign to take steps to slash the United States deficit.

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