China to impose fresh tariffs on US agricultural imports in retaliation against Washington

Coercion and threats will not work on China, nor will they scare China. China’s determination to defend its own interests is unswerving,

Wang said,

We do not put all our eggs in one basket,

Wang said, emphasising China’s push to strengthen consumer demand and diversify its trade strategy

Our two sides can meet at an appropriate time, and our teams can also communicate as early as possible.”

He reiterated China's willingness to resolve trade disputes, saying

Lan Fo'anfinance Minister

We will make sure that every coin is well spent,

Lan said

We are ready to sign more FTA,

he added

If the American side goes further down this wrong path, we will continue to respond in kind,

he said

Additional 15% tariffs will be imposed on chicken, wheat, corn and cotton,

Beijing’s finance ministry said in a statement

Attempts to coerce or blackmail China will not succeed, nor will they intimidate China,

he said

These imports come not directly from China, but indirectly. They come from countries like Oman, Thailand, Vietnam and the UAE. These are all major importers of subsidized and dumped hot-rolled steel from China,

Muth said

Before the ink was dry on the order, China was already evading the order by transshipping through other countries, hopping from country to country, changing the names, shifting shipments, just to stay ahead of us,

Magnus said

We've been forced to close factories, reduce employment and reduce investment,

said Tom Muth, executive vice president of Zekelman Industries, an independent pipe and tube producer

I've watched American factories shutter not because they failed, but because enforcement failed them. It's unacceptable,

said Betsy Natz, CEO of the Kitchen Cabinet Manufacturers Association

Both supply and demand of imported iron ore in China are predicted to strengthen in March, usually a month when steel consumption in the country is robust,

Chinese consultancy Mysteel said

Sentiment was also impacted by the prospect of further tariffs,

ANZ analysts said

Importers of chicken feet will just pay the duty and import from the United States in the meantime,

Pan said

There will be rerouting of trade after China's import tariffs on U.S. goods,

said Pan Chenjun, a senior analyst for animal protein at Rabobank in Hong Kong

Sorghum would be a clear winner. Probably barley would also stand to benefit,

said Rod Baker, an analyst at Australian Crop Forecasters in Perth

From a soybean perspective, South American suppliers are likely to benefit. Suppliers of other oilseeds, like canola could also see a boost,

said Dennis Voznesenski, an analyst at Commonwealth Bank in Sydney

In the early days, our business mainly catered to customers in the European and US markets,

said Gai Yancheng, the company's marketing manager

We will firmly defend our national sovereignty, security and development interests,

he added