China announces new tariffs on US goodsday that it wil
on China announces new tariffs on US goodsday that it wil
China said late on Monday that it will increase tariffs on the bulk of $60 billion of US imports to three categories of rates between 10% and 25%.
For the rest of the $60 billion US imports, th
e duty rate wi
ll remains at 5 percent.
The tariffs will hit around 5,000 products and will take effect on June 1.
It is Ch
ina’s latest resp
onse to the additional US tariffs on $200 billion of Chinese goods, which were implemented on Friday morning.
The move fully demonstrates Beijing’s firm determination to defend its due interest
s and legitimate rights in international trade an
d economic co
operation, according to analysts.
Guanxi, compadrazgo and bapakism. Three words from China, the Philip
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