Farms.com Home   Farm Equipment News

China Puts 10% Tariff on U.S. Farm Equipment

China announced a wide range of measures on Tuesday targeting U.S. businesses including Google (GOOGL.O), opens new tab, farm equipment makers and the owner of fashion brand Calvin Klein, minutes after new U.S. tariffs on Chinese goods took effect.

Beijing also slapped tariffs on U.S. products such as coal, oil and some autos in a rapid response to the new duties on Chinese goods imposed by U.S. President Donald Trump, escalating trade tensions between the world's two biggest economies.

China's State Administration for Market Regulation said Google was suspected of violating the country's anti-monopoly law and an investigation was initiated in accordance with the law. It did not provide further details on the investigation or on what it alleged Google had done to breach the law.

Google products such as its search engine are blocked in China and its revenue from there is about 1% of global sales. It still works with Chinese partners such as advertisers.

Click here to see more...

Trending Video

Legacies of the Land

Video: Legacies of the Land

Every farm has a story. Together, they tell the story of America. ???? Watch the full Legacies of the Land film — AGCO's tribute to the families who've fed and shaped America for 250 years.

From Missouri to Kentucky to Idaho, three multi-generational farming families — Lehenbauer Farms of Palmyra, Missouri; Matthews Land & Cattle of Oakley, Idaho; and Riney Dairy of Springfield, Kentucky — share what it means to live, work and pass down a life on the land. Their stories are different. The legacy is shared.

"Every farming family has a story worth telling, rooted in resilience, stewardship and love for the land." — Eric Hansotia, AGCO Chairman, President & CEO