MBABANE:China has announced retaliatory action as United States(US) President Donald Trump's new tariffs take effect and the Chinese levies target US imports, including coal,large-engined cars and liquified natural gas,the British Broadcasting Corporation(BBC) reported on Tuesday.
A tariff is a tax imposed by one country on the goods and services imported from another country.
“Beijing's anti-monopoly watchdog has also launched an investigation into Google. Trump's 10% tariffs on China came into effect, while proposed 25% tariffs on Canada and Mexico were paused for a month.Trump's election campaign included a threat to hit China with 60% levies, citing fentanyl flows into the US as a reason. But even the lower rate could hurt America's third largest trading partner, which is still subject to tariffs from Trump's first term,” the BBC reported.
China imposes 10-15% tariffs increase for United States(US) imported good as a retaliation against President Donald Trump decision to heavily tax Chinese goods, in this picture sourced from BBC: US President Donald Trump(left) and President Xi Jinping.