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China considering to impose tariffs on US imports as trade war deepens

The Commerce ministry said it was considering implementing measures in two stages.


Reuters China
Updated: 23-03-2018 18:10 IST
China considering to impose tariffs on US imports as trade war deepens

China's commerce ministry said on Friday that it may impose additional tariffs on up to USD 3 billion of U.S. imports. (Image Credit: Wikimedia)

China's commerce ministry said on Friday that it may impose additional tariffs on up to USD 3 billion of U.S. imports in response to U.S. tariffs on Chinese steel and aluminium products.

The ministry said it was considering implementing measures in two stages: first, a 15 percent tariff on 120 products including steel pipes, dried fruit and wine, and later, a 25 percent tariff on pork and recycled aluminium.

Donald Trump officially signed the memorandum of trade action against China yesterday.

Also Read | EU and six others to get exempted from US tariffs

Donald Trump stated that US deficit with Beijing was "out of control" at about USD 504 billion and there was a huge "intellectual property theft situation."

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : ChinaUnited States

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