China announced it will impose additional tariffs on US products worth 60 billion US dollars starting from Sept. 24 in response to the newly announced US tariffs on Chinese goods.
The Customs Tariff Commission of the State Council unveiled lists of 3,571 items of US products to be subject to additional tariffs of 10 percent, and lists of another 1,636 items to be subject to additional tariffs of 5 percent.
The new tax rates will take effect at 12:01 p.m. Beijing time on Sept. 24, said the commission.
The willful decision of the US government has led to the escalation of trade friction between the two countries. China was forced to take countermeasures in defense of free trade and multilateral system, and its own legitimate rights and interests, the commission said in a statement.
If the US side continues to do so, China will respond in kind, it added.
China hopes the US side will stop frictions from expanding and jointly safeguard bilateral trade ties with China through equal, honest and pragmatic dialogue, on the basis of mutual respect and mutual benefits, said the statement.
That will also serve to defend the free trade principle and multilateral trade system, and global economic prosperity and development, it said.
The United States, disregarding overwhelming international and domestic opposition, announced to impose additional 10-percent tariffs on 200 billion US dollars worth of Chinese products from Sept. 24 and that it will take other escalating tariff measures.
Oct 17, 2018 0
The 2018 Boao Forum for Asia (BFA) annual conference is scheduled for April 8 to 11 in Boao, Hainan Province. The forum will be themed "An Open and Innovative Asia for a World of Greater Prosperity."
— The Daily Mail - People's Daily