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China Hits Back with Tariffs on US Imports Worth $3bn

PressTV

China has imposed tariffs of up to 25% on 128 US imports, including pork and wine, after US President Donald Trump raised duties on foreign steel and aluminium imports in March, BBC reports.

The tariffs affecting some $3bn (£2.1bn) of imports kick in on Monday.

Beijing said the move was to "safeguard China's interests and balance" losses caused by new US tariffs.

China had previously said it did not want a trade war but would not sit by if its economy was hurt.

The American authorities have already announced plans for further targeted tariffs for tens of billions of dollars of Chinese imports.

 


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