China places retaliatory tariffs on U.S. dairy imports

The Ministry of Finance of the People’s Republic of China said on Sept. 18 that it will impose retaliatory tariffs, beginning on Sept. 24, on almost $60 billion worth of U.S. imports in response to the Trump administration’s plans to place 10% duties on another $200 billion in Chinese goods, the International Dairy Foods Association (IDFA) reported. The Chinese will target U.S. lactose, infant formulas, ice cream, chocolate milk and whey proteins and isolates, IDFA said.