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Conscious / Washington carries out lifting duties on Chinese goods by 25%

rocky
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Post by rocky on Fri 10 May 2019, 1:58 am

Conscious / Washington carries out lifting duties on Chinese goods by 25%
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BAGHDAD /
Kyodo reported Japan, Friday, that the decision of the US administration to raise tariffs on Chinese goods, from 10% to 25% of $ 200 billion, came into force.
China is expected to respond positively to the US action, the agency said.
The increase coincided with the arrival of Deputy Prime Minister Liu Jie to Washington on Thursday, the start of negotiations with the chief US trade negotiator Robert Laetzer, as well as with US Treasury Secretary Stephen Menuchin. The US-China talks will also continue today.
In response to the US action, the Chinese delegation in Washington said China "deeply regrets" the US tariff increase.
China will "have to take the necessary countermeasures" in the face of increased tariffs by the United States, the Chinese news agency Xinhua quoted the delegation as saying.
Prior to that, Trump announced on May 5 that it would increase from 10 May the tariffs on Chinese goods and goods, from 10% to 25%, because trade negotiations with China are going very slowly.
On May 7, chief US trade negotiator Robert Laetzer said Beijing was moving away from agreements reached earlier in the consultations on trade issues, and confirmed the possibility of imposing additional duties on May 10 on some Chinese goods.



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