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Posts : 20099
Join date : 2015-05-20
Location : United States

China will introduce tariffs of $3 billion in response to Trump's decision

on Fri Mar 23, 2018 1:00 pm
China has announced the introduction of additional duties on US goods in response to the introduction by Americans of duties on steel and aluminum.

This was reported by Bloomberg.

It is about introducing tariffs for US goods worth $3 billion. This decision was approved by the Chinese authorities in response to new US customs duties on steel and aluminum.

According to the decision of the Ministry of Commerce, China will impose 25% of the customs duty on American pork and aluminum, as well as 15% on American steel products, fruits and wine.

According to Bloomberg, the list of goods declared is not exhaustive. The main objective of the future trade restrictions of China can be the company Boeing Co. So, the president of China can cancel the order of the company in the amount of $38 billion dollars.

In addition, under the threat of potential Chinese tariffs, American technological products and services sector are located.

Recall that Trump ordered to impose additional tariffs on Chinese imports to the US for $50 billion.

Donald Trump also  introduced import duties  on steel (25%) and aluminum (10%). The orders signed by the president will come into force on March 23. Mexico and Canada are still excluded from the list of countries.

Merkel  condemned the introduction by the United States of duties  on metals.

The Ukrainian government has said it is working to bring Ukrainian metal products   out of US customs duties.    In Ukrainian/український
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