China considering to impose tariffs on US imports as trade war deepens
The Commerce ministry said it was considering implementing measures in two stages.
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.
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."
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