China imposed retaliatory tariffs on $60 billion worth of US goods last week. The products range from LNG to some aircraft and warned that it may impose more measures, indicating that it won’t step back in the trade war with the US. The tariffs range from 5 to 25%.
From its part, the US announced higher 25% tariffs on $200 billion worth of Chinese imports, with China immediately replying.
[smlsubform prepend=”GET THE SAFETY4SEA IN YOUR INBOX!” showname=false emailtxt=”” emailholder=”Enter your email address” showsubmit=true submittxt=”Submit” jsthanks=false thankyou=”Thank you for subscribing to our mailing list”]
Before this set of tariffs, the two countries had announced tariffs on $34 billion worth of each others’ goods last month. In addition, America is expected to implement more tariffs on $16 billion in Chinese goods.
US products targeted include agricultural and energy products, as well as LNG. The latter is considered one of China’s major weapons from its energy and commodities arsenal in its fight with the US, Reuters reported.
Other US goods that China targeted incorporate semiconductors, some helicopters, small-to-mid-sized aircraft, beef, steel products and coffee.
