From June 1, China will raise tariffs on more than 5,000 imported into the country of goods from the US in total amount of 60 billion dollars. In Beijing, this step is called a response to “unilateralism and protectionism” on the part of Washington.
In response to the increase in Washington’s tariffs on Chinese products, Beijing announced a retaliatory measure. The Ministry of Finance of China said on Monday, may 13, that Jun will be increased import duties from the US $ 60 billion.
The total fee will apply on 5140 kinds of goods, including duties on 2493 products will be increased to 25 percent, and the rest – from 5 to 20 percent.
China hopes that the US will return to the right path
China called the “adjustment for tariffs,” response to “unilateralism and protectionism of the United States.” The Chinese side hopes that the United States “will return to the correct path of bilateral economic and trade consultations”, – stated in the message Department.
A week earlier, the President of the United States Donald trump announced that from may 10 duties on imports from China of products totaling $ 200 billion will be raised from 10 to 25 percent. While trump has warned the Chinese authorities from retaliation. According to him, the us administration is already preparing to raise rates for the rest of the products from China – amounting to about $ 300 billion.