China to impose 84% tariff on American goods!
US President Donald Trump's tariff war has created a stir in the world. Now china and America are face to face on the matter. In the latest development, china has filed a complaint in the World Trade Organization against the US tariff. This increasing tariff war between America and China is going to cause more damage now.
Beijing has filed this complaint against the extra tariff imposed by America. A statement said, "China has filed a complaint in the WTO against the 50% additional tariff imposed by the US on Chinese products. Earlier also, many reports had come out about the complaints made by china in the trade block that there is a danger of instability in global trade due to the US action."
China imposed 84 percent tariff on America
Some time ago, the Chinese Finance Ministry had announced that it was imposing an additional tariff of 84 percent on all American goods, which was earlier 34 percent. The ministry said the retaliatory tariffs will come into effect from april 10. Presenting its white paper on trade with the US, China's Commerce Ministry said, "If the US insists on further increasing its economic and trade sanctions, china has the strong will and sufficient resources to take necessary countermeasures and fight to the end." china also added the names of 12 US entities to its export control list, while 6 others have been included in the unreliable entity list.
The US called China's tariffs unfortunate
Soon after china announced the imposition of 84 percent retaliatory tariffs, US Treasury Secretary Scott Bessant told Fox business Network that Beijing's tariffs were unfortunate. Bessant urged beijing to come forward for talks.
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