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US confirms toughening duties against China

UNITED STATES, WASHINGTON (OBSERVATORY) — US authorities have officially confirmed that customs duties on a number of goods exported from China to the United States will be increased from 10% to 15%.

The corresponding notice was published on Wednesday, August 28, at Robert Lighthizer trade negotiations.

The decision takes effect on September 1. New duties will affect imports from China totaling $ 300 billion.

In addition, by decision of US President Donald Trump, from October 1, goods and products from China with a total value of $ 250 billion will be taxed not 25%, but 30%.

In turn, the Chinese Foreign Ministry said that in the event of an additional increase in Washington’s duties on Chinese goods, Beijing will take retaliatory measures .

The trade confrontation between China and the United States lasts from July 2018. Then Washington introduced 25% duties on imports of 818 types of Chinese goods with a total volume of $ 34 billion per year, in turn, Beijing took mirror measures.

In May, Washington again raised duties of $ 200 billion, due to the fact that China allegedly does not fully comply with certain agreements. In response to this, Beijing on June 1 raised duties on the import of goods from the United States with an annual supply of $ 60 billion.

According to Trump, the introduction of duties will continue until the parties conclude a “profitable for all” transaction.

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