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US starts charging higher tariffs on Chinese goods arriving by sea

Earlier on Saturday, China began collecting higher retaliatory tariffs on much of a $60-billion target list of US goods

Reuters  |  Washington 

The United States began collecting higher, 25 per cent tariffs on many Chinese goods arriving in US seaports on Saturday morning in an intensification of the trade war between the world’s two largest economies and drawing retaliation from Beijing. US President Donald Trump imposed the tariff increase on a $200-billion list of Chinese goods on May 10, but had allowed a grace period for sea-borne cargoes that departed China before that date, keeping them at the prior, 10 per cent duty rate. The US Trade Representative’s office in a May 15 Federal Register notice set a ...

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First Published: Sun, June 02 2019. 00:18 IST