China's $ 60 billion retaliation to the US

China's $ 60 billion retaliation to the US

The Chinese government has adopted a $ 60 billion retaliatory strike following US tariff imposition.

After the US announced that it would impose 25 percent tariff on Chinese products, which worth 200 billion dollars, the Beijing administration adopted retaliation of 60 billion dollars against US' tariffs.

The Beijing government is preparing to act against the US' tariff impose on Chinese products worth $ 200 billion, which the US increased tariff on Chinese goods from 10 to 25.

The Chinese Ministry of Commerce has announced that the customs tariff will be applied to US originals products at about 60 billion dollars at different rates. 

He added in a statement that it could add duties of 5, 10, 20 or 25 percent on 5,207 types of U.S. imports while warning it could adopt further countermeasures at any time.

Saying it was "forced to act," Beijing cast the move as a response to Trump's threat on Wednesday to raise a proposed tariff rate on $200 billion worth of Chinese goods from 10 percent to 25 percent.

ILKHA

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