The United State has more than doubled tariffs on $200 billion worth of Chinese products, in a sharp escalation of the countries’ damaging trade war.
Tariffs on affected Chinese goods have risen to 25% from 10%, and Beijing has vowed to retaliate.
China said it “deeply regrets” the move and will have to take “necessary counter-measures.”
Advertisement
The move comes as high-level officials from both sides are attempting to salvage a trade deal in Washington.
The 10% duties on $200bn worth of Chinese products – including fish, handbags, clothing and footwear – were due to rise at the start of the year.
Related posts:
China imposed tariffs on U.S. products to “balance losses”
China suspends additional tariffs on some U.S products
China to lower tariffs on hundreds of products to boost economy
China implements adjusted import tariffs on 850 products
Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back
U.S additional tariffs on Chinese goods to have negative impact-Economist
U.S.-Netherlands trade:Dutch cheese makers worry about U.S tariffs
Tunisia increases drinking water tariffs by 16% due to drought
