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

Using the Data to Manage Grazing - Leeds County Pasture Walk Part 9

Video: Using the Data to Manage Grazing - Leeds County Pasture Walk Part 9

Presented by Brad & Karen Davis, owners of Black Kreek Ranch, Anita O'Brien, Grazing Mentor, and Christine O'Reilly, Forage & Grazing Specialist with the Ontario Ministry of Agriculture, Food and Rural Affairs. Watch each video from this event to learn about grazing tips, water systems, setting up fencing, working with net fencing, electric fencing tips, grass growth and managing grazing, gates and laneways, and frost seeding.