Just a day after Trump administration confirmed a ‘second tranche’ of previously-announced tariffs, China has today hit back with additional import tariffs of 25 per cent on $16bn worth of US goods .
The Chinese government confirmed the development today, adding that the taxes would be imposed on August 23. “This is a very unreasonable practice,” it added on its website.
The list of US imports affected by this development includes coal, oil, chemicals and some medical equipment.
A spokesperson for China’s Ministry of Commerce had earlier said that the US is ‘unreasonably favouring domestic law over international law’.
“In order to safeguard its legitimate rights and interests and the multilateral trading system, the Chinese side has to take the necessary counter-measures,” the spokesperson added.