You are here: Home » International » News » Economy
Business Standard

Trade war intensifies as China imposes tariffs of up to 25% on 128 US goods

China's Ministry of Commerce said it was suspending its obligations to the WTO to reduce tariffs on 120 US goods, including fruit and ethanol

Reuters  |  Beijing 

China has increased tariffs by up to 25 per cent on 128 US products, from frozen pork and wine to certain fruits and nuts, escalating a spat between the world's biggest economies in response to US duties on imports of aluminium and steel. The tariffs, to take effect on Monday, were announced late on Sunday by China's finance ministry and matched a list of potential tariffs on up to $3 billion in US goods published by China on March 23. Soon after the announcement, an editorial in the widely read Chinese tabloid Global Times warned that if the U.S. had thought China would ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, April 02 2018. 20:28 IST