China hits back US to impose additional tariffs

TOKYO, China announced on Tuesday it will impose additional tariffs on American products worth USD 60 billion starting from September 24, in response to the newly announced US tariffs on Chinese goods, state-run Xinhua News Agency reported.

The decision was announced by the Customs Tariff Commission of the State Council, according to the report.

In addition, the Ministry of Commerce said that Beijing filed an additional complaint with the World Trade Organization against the US decision under the Section 301 investigation on Tuesday.

The retaliation comes after the administration of US President Donald Trump made an announcement on Monday to impose 10-percent additional tariffs on USD 200 billion worth of Chinese products from Sept. 24, and take other escalating tariff measures.

Washington has already imposed duties on a total of USD 50 billion in Chinese products – USD 34 billion in July and USD 16 billion in August, and Beijing retaliated with tariffs on an equal value of American goods.

Source: Kuwait News Agency