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China plans tariffs on $60 billion of imports to counter Trump

08/06/2018 8:46 AM | Deleted user

China announced a list of $60 billion (Dh220.4b) worth of US imports it intends to apply tariffs on should the Trump administration follow through with its latest trade dangers. The Trump administration slapped duties about $34b of Chinese products last month, and which prompted immediate retaliation in China, plus yet another $16b will likely follow in the coming days or weeks.round of all tariffs which took effect a month.
Duties ranging from 5 percent to 25 percent will be imposed on 5,207 types of American imports if the US provides its proposed taxes on a different $200b of Chinese products, the Ministry of Finance said in a statement on Friday.

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