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China has increased tariffs by up to 25 percent on 128 U.S. products
![China has increased tariffs by up to 25 percent on 128 U.S. products escalating a spat between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel.]()
China hits back on US imports China has increased tariffs by up to 25 percent on 128 U.S. products escalating a spat between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel.
China has imposed tariffs of up to 25% on 128 US imports, including pork and wine, after US President Donald Trump raised duties on foreign steel and aluminium imports in March.
The tariffs, to take effect on Monday, were announced late on Sunday by China’s finance ministry and matched a list of potential tariffs on up to $3 billion in U.S. goods published by China on March 23.
Soon after the announcement, an editorial in the widely read Chinese tabloid Global Times warned that if the U.S. had thought China would not retaliate or would only take symbolic counter-measures, it can now “say goodbye to that delusion.”
Beijing said the move was to safeguard China's interests and balance losses caused by new US tariffs.
China had previously said it did not want a trade war but would not sit by if its economy was hurt.
Mr Trump, however, has insisted that "trade wars are good", and that it should be "easy" for the US to win one.
The American authorities have already announced plans for further targeted tariffs for tens of billions of dollars of Chinese imports, the BBC's Chris Buckler reports from Washington.
They say that is in response to unfair trading practices in China that affect US companies but it raises the possibility of yet more action being taken in what has become a tit-for-tat trade battle, our correspondent adds.
Reuters - BBC
