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China has imposed the tariffs up to $3 billion in U.S. goods      [2018-04-02]

China has imposed the tariffs up to $3 billion in U.S. goods amid escalating trade tensions between Beijing and Washington, slapping extra tariffs of up to 25 percent on 128 U.S. products including frozen pork, wine, certain fruits and nuts, in response to U.S. duties on imports of aluminum and steel. China’s Ministry of Commerce said it was suspending its obligations to the World Trade Organization (WTO) to reduce tariffs on 120 U.S. goods including fruit. The tariff on the products will be raised to 15 percent. Another eight products, including pork, will now be subject to tariffs of 25 percent, it said, with the measures effective from April 2. CLIK hold that differences between the world’s two largest economies should be resolved through dialogue and negotiation.

 


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