Beijing: A few hours after Donald Trump raised tariffs on Chinese imports to 145 percent, China also raised tariffs on American goods to 125 percent.
What is the import tax from the USA to China?
US President Donald Trump has been imposing tariffs on China one after another. China has also started imposing tariffs in return. The total US tariffs on China have risen to 104 percent.
As a result, China announced an increase in tariffs on American goods to 84 percent. Following this, President Trump, who was very angry, took action by increasing import tariffs on Chinese goods to 145%.
A few hours later, China increased tariffs on American goods to 125 percent. The high tariffs imposed by the US on China violate international economic and trade rules. The Chinese Ministry of Finance has accused it of being completely unilateral intimidation and coercion.
It also said, ‘We will take resolute countermeasures. “We will fight to the end. If the United States continues to impose additional tariffs on Chinese goods exported to the United States, China will ignore it,” the Chinese Ministry of Finance said.
[…] Following this, he also released the tariff rates for goods imported into the United States from several countries. […]