China to impose additional tariffs on US products

CNC
Added On August 10, 2018

 According to an official statement, China has decided to impose additional tariffs on products imported from the U.S. worth about 16 billion U.S. dollars.

 
Approved by the State Council on Wednesday, the Customs Tariff Commission of the State Council has decided to impose additional duties of 25 percent on the 16-billion-dollar U.S. products.
 
The decision is made after making proper adjustments to the second part of a list of the products subject to the tariffs.
   
The additional tariffs will take effect at 12:01pm on Aug. 23, 2018.
 
A spokesperson from China's Ministry of Commerce said it is totally unreasonable for the United States to put domestic laws above international laws time and time again.
 
And China was forced to take necessary countermeasures to defend its legitimate rights,  interests and the multilateral trade system. 
   
The Customs Tariff Commission published a final version of the second part of the list on the website of the Ministry of Finance. 
   
In June, the customs authority unveiled a list of products from the U.S. worth 50 billion U.S. dollars that will be subject to additional tariffs in response to U.S. announcement to impose additional duties on Chinese imports. 
 
Additional duties on the U.S. products in the first part of the list, worth 34 billion U.S. dollars, came into force on July 6.