China imposes 25% tariffs on more than 128 US imports…

China imposes 25% tariffs on more than 128 US imports…

China says it’s rolling out new tariffs on U.S. meat, fruit and other products as retaliation against taxes approved by President Trump on imported steel and aluminum.  The Chinese finance ministry says in a statement that the new tariffs begin Monday. The announcement follows through on warnings Chinese officials have made for several weeks in an escalating trade dispute with the United States.

China’s Customs Tariff Commission is increasing the tariff rate on eight imported U.S. products, including pork, by 25 percent. It’s also imposing a new 15 percent tariff on 120 imported U.S. commodities, including fruits.The tariffs mirror Mr. Trump’s 25 percent charge on imported steel and 15 percent hike on aluminum. Mr. Trump’s tariffs are partly a response to complaints that Beijing  steals or pressures foreign companies to hand over technology. READ MORE

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