On Wednesday, China announced its plan to impose additional tariffs on 50 billion U.S. dollars of imports from the Unites States, including soybeans, automobiles, and some chemical products.
The Ministry of Finance said China will impose a 25 percent tariff increase on 106 products imported from the United States, in addition to the increased tariffs on 128 U.S. products, including pork and fruit, that were announced on Monday.
The move follows the U.S. administration’s decision to impose tariffs on 50 billion U.S. dollars of products imported from China.
China Plus caught up with William Zarit, the chairman of the American Chamber of Commerce in China, and Joel Haggard, U.S. Meat Export Federation senior vice president for the Asia-Pacific, to find out what U.S. companies think about the trade dispute between China and the United States.