New York Daily News

China answers Don’s steel tariffs with hikes of its own

- BY JANON FISHER With News Wire Services

A ROUND of economic sanctions China imposed Monday could hit President Trump right in the voting booth.

The Asian country’s Finance Ministry announced a series of tariffs on American goods, most of which come from the Trump-loving heartland.

Beijing placed 15% import duties on American apples and almonds and 25% tariffs on pork, aluminum scrap and other products — mostly from the farm areas that voted for Trump in the 2016 presidenti­al election. China made clear its move retaliatio­n for Trump’s is March 23 announceme­nt of tariffs on Chinese on aluminum and steel. China’s Finance Ministry said the U.S. action “has seriously damaged our interests.”

A bigger dispute looms over Trump’s approval of possible higher duties on nearly $50 billion of Chinese goods in a dispute over technology policy.

“Our country advocates and supports the multilater­al trading system,” the ministry said in a statement.

Forecaster­s say the immediate economic impact should be limited, but investors worry the global recovery might be set back if other government­s respond by raising their own import barriers.

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