The US levies range from 10 to 12.5 per cent, with China slapped with the highest rate.
Beijing condemned fresh US tariffs imposed on China and 59 other countries over alleged forced labour concerns on Friday (Jul 24), and warned Washington against waging a trade war.
The US levies range from 10 to 12.5 per cent, with China slapped with the highest rate.
“We oppose all forms of unilateral tariff measures,” Chinese foreign ministry spokesperson Lin Jian told a news briefing on Friday.
“Tariff wars and trade wars are not in the interests of any party,” he warned.
The new tariffs replace an expiring global duty rolled out by President Donald Trump earlier this year.
The Trump administration has moved swiftly to rebuild the president’s tariff wall after the Supreme Court struck down a host of his duties in February – dealing a blow to his ability to unleash steep levies at will.
In unveiling the duties, US Trade Representative Jamieson Greer said Washington was “rigorously” enforcing a forced labour import ban and that it was “well past time for our trading partners to do the same”.
Economies that have implemented a forced labour prohibition – including Canada, the European Union and the United Kingdom – received the lower 10 per cent rate.
Source : https://www.channelnewsasia.com/east-asia/china-us-tariffs-trade-wars-oppose-6275731
