China announced tariffs on 128 US products – takes effect today (Monday)

China statement released Sunday night by China's Customs Tariffs Commission (announced on the Finance Ministry website) changing (increasing) tariff treatment on US products

  • China to impose 25% tariff on pork and pork products
  • 15% tariff on 120 fruits and fruit products
  • Taking effect from 2 April

Those following along with this will know the increasing trade war tensions are not a positive for AUD.

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