SANN News
China has imposed additional tariffs on goods imported from the US in response to US tariffs in a ‘tit-for-tat’ manner. This move is likely to escalate the trade war between the world’s two largest economies, as US President Donald Trump has threatened to impose additional tariffs on other countries.
China also imposed a 15% customs duty on coal and liquefied natural gas products, a 10% tariff on crude oil, agricultural machinery, and cars with large engines, and a 25% export tax on some rare earth metals. The move is expected to further escalate the trade war between the two largest economies.
