China increases tariffs on US productions

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China announced on Friday its intention to raise tariffs on $ 75 billion of imports from the United States in two stages, September 1 and December 15.

These additional tariffs will range between 5% and 10% and will cover 5,078 US products, said the Chinese Ministry of Commerce in a statement.

Beijing has also announced the imposition of tariffs of 25% on US automobiles and 5% on auto parts, adds the same source. China temporarily suspended car surcharges in December 2018 as a sign of goodwill in its trade talks with the Trump administration and announced in April that the taxes would not be reimposed immediately.

Since the beginning of the trade war between the United States and China, Washington has imposed additional customs duties on the equivalent of $ 250 billion worth of imported Chinese goods and has recently pushed back to December 15 the imposition of a additional tax of 10% on a variety of consumer products, including electronic.

China had threatened in early August to take “necessary retaliatory measures” if the US Administration implemented its threat to extend its punitive tariffs to all Chinese products imported.

 
Source: websites

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