China said Thursday its additional tariffs on some import products from the US will be implemented immediately after the new US tariffs take effect, state-run Xinhua News Agency reported.
In response to the US announcement to impose additional duties on Chinese imports, the Customs Tariff Commission of the State Council decided in mid-June that additional tariffs for 545 items worth about USD 34 billion, including agricultural products, vehicles and aquatic products, will be effective from Friday, according to the report. China will not implement additional tariffs ahead of the US’ tariff move, the commission has said.
Meanwhile, the Commerce Ministry said the US’ trade bullying by pressuring trading partners with tariff threats goes against the times.
“The US has threatened to impose tariffs on all of China’s exports to the country worth USD 500 billion and has sent similar threats to other trading partners,” ministry spokesperson Gao Feng said at a press conference in Beijing.
“China will not bow to threats or blackmailing, and our resolve to safeguard global free trade and the multilateral mechanism will not waver,” Gao added.
Source: Kuwait News Agency