House Republican Proposes 20% Additional Tariff on Chinese Ag Exports

Rep. Ted Budd, R-N.C., introduced a bill that would increase tariffs an additional 20% on Chinese exports in Sections I through III of the Harmonized Tariff Schedule -- which includes Chapters 1-15 -- if China increases the amount of wheat and barley it's importing from Russia. The bill, released March 22, has no co-sponsors. "By allowing an increase of its purchases of Russian agricultural products, China could effectively be giving a financial lifeline to the Putin regime," Budd said in a news release. "This bill would act as a warning to the Chinese Communist Party that continuing their economic partnership with Russia will have grave consequences.”