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News ID: 26956
Asia » Asia
Publish Date: 18:09 - 05 August 2018
TEHRAN, August 5 - China on Friday announced new retaliatory tariffs against the United States on more than 5,000 U.S. goods worth $60 billion if President Donald Trump follows through on a new round of tariffs he said he's considering.

China proposes retaliatory tariffs on $60B of U.S. productsTEHRAN, Young Journalists Club (YJC) -China on Friday announced new retaliatory tariffs against the United States on more than 5,000 U.S. goods worth $60 billion if President Donald Trump follows through on a new round of tariffs he said he's considering.

Beijing's Customs Tariff Commission of the State Council said the tariffs would range from 5 percent to 25 percent.

"China was forced to take the countermeasures" in reaction to Trump saying he was considering raising tariffs on $200 billion of Chinese goods from 10 percent to 25 percent, the commission said.

"The implementation date of the taxation measures will be subject to the actions of the US, and China reserves the right to continue to introduce other countermeasures," China's Ministry of Commerce said in a statement. "Any unilateral threat or blackmail will only lead to intensification of conflicts and damage to the interests of all parties."

Source: UPI

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