Date: 7 months ago   Category: Industry

China will introduce reciprocal duties on the American production on the sum of $60 billion — Rambler News Service


China since September 24 will introduce additional duties on the goods of the American production with a total amount of $60 billion imported to the country, it is said in the statement of the Ministry of Finance of China. According to the message, additional duties of 10% will be introduced on 3 571 names of goods, and additional duties of 5% will extend to 1 636 names of goods. Earlier the U.S. President Donald Trump has said that he has charged to the trade mission of the country to begin a procedure for introduction of additional duties concerning the Chinese production for the sum about $200 billion. According to Trump, duties will come into force on September 24, 2018 and will be until the end of the year established at the level of 10% then will increase to 25%. After the announcement of new duties China has filed a complaint to the WTO.

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