Business  Trade

Tariffs on China in effect today; they clap back with their own

February 04, 2025 09:37 AM • 
RFD NEWS STAFF, Currey McCullough

New tariffs are in effect in China today.

President Trump has added a 10 percent tariff to all imports. Overnight, China hit back with a 10-15 percent tax on all U.S. farm machinery, oil, coal, and liquid natural gas.

So far, the soybean market seems to be shrugging it off.

The tariffs take effect on February 10th.

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