The Trump administration has imposed new 25% tariffs to 818 Chinese imports worth $34 billion. This move is the first stage in levies threatened by the US on a total of $450 billion worth of Chinese goods.
The tariffs on Chinese import goods took effect on Friday at 04:00 GMT.
“On July 6, the US began to impose 25 percent tariffs on $34 billion worth of Chinese imports. The US has breached WTO trade rules and launched the largest trade war in economic history to date,” China’s Commerce Ministry commented on the move in a statement.
“China promised not to fight the first shot, but in order to defend the core interests of the country and the inetersts of the people, we are forced to take necessary countermeasures“
The Chinese side did not clarify what those countermeasures would entail. However, according to reports, China will respond with new border taxes on an equal amount of US goods
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