Date: 2 months ago   Category: Economy

China has introduced reciprocal duties into 25% for goods from the USA — Rambler News Service


Photo: globallookpress.com/ of the Power of China was entered by the reciprocal customs duties of 25% for the American goods with a total cost of $16 billion, the China Central Television reports. "According to the statement of the Commission on tariffs at the State Council of the People's Republic of China …, the Chinese side has introduced the customs duties of 25% for the American goods for the sum of $16 billion. The decision comes into force from 12:01 on the Beijing time on August 23" — it is said in the statement. Actions of the Chinese government became the mirror answer to an act of Washington. According to TASS, the American duties in 25% for goods from China for the sum of $16 billion come into effect on August 23. It is the second part of the duties announced by the U.S. Government concerning the People's Republic of China for the total amount of $50 billion. The first part of duties on $34 billion has been introduced on July 6. The Chinese authorities have in turn expressed a protest and have promised to address to the World Trade Organization (WTO). According to them, actions of the USA break the principles of free trade.

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