On Monday, the Chinese government unveiled the list of 128 US goods that will be subject to a 25% tariff hike. The move is aimed to offset losses caused by US duties and protect China’s national interests.
Beijing will impose additional tariffs on fresh and dried fruits from the United States, ginseng, nuts, wine and pork, as well as some steel products worth around $3 billion.
In March, US president Donald Trump slapped tariffs on Chinese steel and aluminum imports. China said this contradicts the rules of the World Trade Organization. The new tariffs have already caused serious damage to China’s interests.
The duties are seen as a signal that China is prepared to do more.
Moreover, the Trump administration announced that it will impose tariffs on as much as $60 billion in Chinese imports. The list of goods will be unveiled before April 6.
