China slaps retaliatory tariffs on $75 billion US goods
by ChemOrbis Editorial Team - content@chemorbis.com
China has finally revealed plans for further countermeasures in response to the proposed US tariffs on $300 billion worth of Chinese good.
According to the Customs Tariff Commission of the State Council, tariffs ranging between 5% and 10% on $75 billion US goods will come into effect in two batches on September 1 and December 15 this year. The list of goods was undisclosed at the time of publication, meanwhile.
China will also resume imposing additional tariffs of 25% and 5% on US vehicles and auto parts, starting from December 15.
Earlier this month, the US administration had decided to delay the additional tariffs on some of the $300 billion worth of Chinese-made goods, such as cell phones, footwear, and clothing, until December 15 so as not to hamper Christmas shopping.
According to the Customs Tariff Commission of the State Council, tariffs ranging between 5% and 10% on $75 billion US goods will come into effect in two batches on September 1 and December 15 this year. The list of goods was undisclosed at the time of publication, meanwhile.
China will also resume imposing additional tariffs of 25% and 5% on US vehicles and auto parts, starting from December 15.
Earlier this month, the US administration had decided to delay the additional tariffs on some of the $300 billion worth of Chinese-made goods, such as cell phones, footwear, and clothing, until December 15 so as not to hamper Christmas shopping.
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