After US, China will impose tariffs on US goods
Jack May 13, 2019 21:09 IST
China said that it will impose tariffs on $60 billion worth of US goods from June 1.
On monday evening, China's finance ministry announced that it was raising tariffs on a wide range of American goods to 20 percent or 25 percent from 10 percent. But the ministry delayed implementation until June 1.
On friday, President Trump on Friday raised tariffs on $200 billion a year worth of Chinese goods to 25 percent from 10 percent. To retaliates US, now china impose tariffs on US imports.
Last week, Trade talks between the two sides was ended without a deal.
US President tweeted, "China should not retaliate-will only get worse". But, china foreign ministry spokesman said, "China will never surrender to external pressure".
Trump also tweeted, "We are right where we want to be with China. Remember, they broke the deal with us and tried to renegotiate. We will be taking in tens of billions of dollars in tariffs from China. Buyers of product can make it themselves in the USA (ideal) or buy it from non-tariffed countries".
After US, China will impose tariffs on US goods
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