China’s retaliatory tariffs on $60bn of US products kick in - RT

China’s retaliatory tariffs on $60bn of US products kick in  RT

China’s tariffs targeting $60 billion of American imports have taken effect as part of a tit-for-tat response to Washington’s trade war which saw Beijing slapped with extra levies on $200 billion worth of exports back in May. Over 5,000 US products coming into China will now face a 25 percent import tax instead of the usual 10 percent. Higher tariffs will target a range of food products, including cooking oils, frozen vegetables, wine and beer, in addition to industrial minerals and chemicals, textiles and clothing. Consumer items ranging from home appliances to condoms will also be subject...

View full coverage on Google News

from Top stories - Google News http://bit.ly/2QBs1xU