China will increase retaliatory duty to imports from US to 84 percent
USA Vs. Business War China continues.
Beijing. From Thursday, China will increase retaliatory duty to import from the United States from 34 to 84 percent. This was announced on Wednesday by the Chinese Ministry of Finance, news agencies report.
This is a reaction to a step US President Donald Trumpwho, after the previous retaliation of Beijing on Chinese imports, imposed another 50 percent surcharge. The total duty on imports from China to the US is 104 percent from Wednesday.
The US began to choose a new wave of tariffs. The most affected China promises vigorous measures Read
The Ministry of Commerce in Beijing said on Tuesday’s announcement that China will fight « until the end ». The government has already intervened on the capital markets to promote investor confidence by increasing to make purchases Shares through the state -supported funds, said the Hong Kong server South China Morning Post.
« China will firmly advocate its interests, the multi -sided business system and the international economic order, » the Chinese Ministry of Commerce said earlier in the statement.
China officially started a dispute in the World Trade Organization (WTO) on Wednesday due to US tariffs. Beijing claims that the United States is in violation of the free trade rules.
China is also convinced that Washington violates the obligations arising from the General Agreement on Darucius and other agreements.
In the case of China, the rate of the new reciprocal CLA is 34 percent. US President Donald Trump, however, in response to Chinese retaliation – CLO equally 34 percent – has introduced another duty of 50 percent from Wednesday.
The Chinese Ministry of Commerce has been calling Washington last week to duties He immediately canceled and resolved any disputes with dialogue with business partners. According to Beijing, American policy threatens the complexly acquired balance achieved over the years of multilateral commercial negotiations.
