Beijing will ignore the additional American duties for Chinese products, the PRC’s Ministry of Finance said.
China on Friday, March 11, was announced additional duties for goods from the United States. This was reported by the Bloomberg news agency with a reference to the excerpt from the Communist of the China Ministry of Finance.
“China will increase duties on all goods from the United States from 84% to 125%. The proposal will enter the force on April 12,” the publication said.
The media record that Beijing has taken difficult measures after the duties of US President Donald Trump also raised duties from China.
China will ignore the additional American duties for Chinese products, added to the PRC Ministry of Finance.
“Provided that the market could no longer receive American goods exported to China at current tariff levels, if the American side continued to introduce roles to Chinese goods exported to the USA, the Chinese side would not pay attention to it,” the report said.
As you know, on April 2, Trump announced the beginning of a trade war at the same time in all states of the world, introducing duties from 10% to 50% for imports in the United States, depending on the country of origin.
US duties for importing from China reached 145%
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.