Trade war escalates as China imposes tariffs on 128 US goods

China's Customs Tariff Commission is increasing the tariff rate on eight imported US products, including pork, by 25%

Editorials

In India

- Advertisement -

Beijing: China on Monday retaliated against Donald Trump’s taxes on imported steel and aluminium with its own tariffs on a series of products from the United States, including meat, fruit and wine.

The measures, which came with a warning from state media that Beijing is prepared to “show its strength” towards the US, could seriously harm the livelihoods of American farmers, a group which is seen as being part of Trump’s core support.

Beijing announced extra tariffs of up to 25% on 128 US products, measures which match a list of potential tariffs on up to $3 billion worth of US goods which was published in China last month.

The Chinese finance ministry says in a statement that the new tariffs begin today. The announcement follows warnings Chinese officials have made for several weeks in an escalating trade dispute with the United States.

China’s Customs Tariff Commission is increasing the tariff rate on eight imported US products, including pork, by 25%. It’s also imposing a new 15% tariff on 120 imported US commodities, including fruits.

The tariffs mirror Trump’s 25% charge on imported steel and 15% hike on aluminum. Trump’s tariffs are partly a response to complaints that Beijing steals or pressures foreign companies to hand over technology.

China’s Ministry of Commerce (MOFCOM) said in a statement that it was suspending its obligations to the World Trade Organisation (WTO) and that the new tariffs would start on Monday.

 

1 COMMENT

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -
- Advertisement -

Articles

BJP Could Not Have Won With This Approach To Delhi

From not paying attention to the corruption-ridden MCD to aloof leaders whose houses witnessed no activity during campaigns, BJP went all wrong in the Delhi assembly election

AAP Win In Delhi Was Foregone Conclusion: 5 Reasons

The five factors that contributed to the AAP victory have been arranged in the decreasing order of relevance; the first three will remain constant for a few more Delhi elections

Rahul Gandhi’s Intemperance Costs INC Dear Again

After forfeiting the Delhi poll with his 'danda mārenge' comment, the politician who has pledged never to grow up must put both his feet permanently in the mouth to gag himself

Bloomberg For US President? Why Not?

Mayor Michael Bloomberg can be an attractive candidate to a lot of voters – those who are concerned about the leftward, idiosyncratic, wokey, “let us butt into every other country’s internal policy initiatives” overreach of the Democrats

‘सभी संगठनों से मुक्त’ जामिया शूटर ‘बजरंग दल’ का कैसे हो गया?

जामिया क्षेत्र में गोली चलाने से पहले 'रामभक्त गोपाल' ने अपनी प्रोफ़ाइल बदली और धड़ल्ले से दक्षिणपंथी संगठनों व एक पार्टी के नाम दर्ज कर दिए

30 साल से ज़िन्दगी तलाशते कश्मीरी हिन्दू

मस्जिदों से हिन्दुओ के सफाए के पैगाम आए; एक के बाद एक दिल दहलाने वाली खबर आई; जुमे की नमाज़ के बाद सड़को पर जो भी हिन्दू दिखा, काट दिया गया

Pandits: 30 Years Since Being Ripped Apart

Pandits say, and rightly so, that their return to Kashmir cannot be pushed without ensuring a homeland for the Islam-ravaged community for conservation of their culture

For fearless journalism

%d bloggers like this: