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Beijing punishes Washington with $ 50 billion


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Beijing punishes Washington with $ 50 billion

Post by rocky on Wed 04 Apr 2018, 6:08 am

[ltr]Beijing punishes Washington with $ 50 billion[/ltr]
 Since 2018-04-04 at 12:23 (Baghdad time)
[ltr]Follow up of Mawazine News[/ltr]
[ltr]China on Wednesday raised tariffs on US goods worth $ 50 billion, including soybeans, planes and automobiles, in response to a similar move by Washington on Chinese goods in a trade dispute.[/ltr]
[ltr]The Ministry of Commerce said a fee of 25 percent would be imposed and the date of the fees would be announced later. The ministry has prepared a list of 106 products to be included in the fees.[/ltr]
[ltr]Additional fees will be levied on products such as whiskey, cigars, tobacco and some types of beef, oil, propane and other plastic products.[/ltr]
[ltr]The new fees will also be levied on American orange juice, some sugar and cotton products, some wheat, as well as trucks, some SUVs and specific electric cars, she said.[/ltr]
[ltr]China's Commerce Ministry on Wednesday criticized the United States' decision as a violation of international trade rules, saying China was working to protect its "legitimate rights and interests."[/ltr]
[ltr]Companies and investors fear that the conflict will constrain global trade and impede the global economic recovery[/ltr]


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