China retaliates with additional tariffs of up to 15% on some U.S. goods from March 10

China announced additional tariffs of up to 15% on some U.S. goods starting March 10 and imposed export restrictions on 15 U.S. companies in retaliation to new U.S. tariffs on Chinese goods. The new Chinese tariffs mainly target U.S. agricultural products like corn and soybeans, while companies like Leidos and General Dynamics Land Systems are affected by the export controls. Despite disagreements, China stated it will not tolerate pressure or threats from the U.S., as both countries continue to escalate trade tensions ahead of the annual National People’s Congress meeting.

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