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China begins to impose additional tariffs on some US products

BEIJING, Sep. 1 (Reuters / EP) –

China has begun this Sunday to impose additional tariffs on some goods from the US between 5% and 10% for an added value of 75,000 million dollars (67,732 million euros).

Likewise, the Customs Tariffs Commission of the State Council of China decided to recover the tariff of 25% and another 5% on the importation of cars and parts from the US from December 15.

China begins to impose additional tariffs on some US products
China begins to impose additional tariffs on some US products

Beijing has begun to apply a 5% tariff on US crude oil, the first time that US oil has been the target of economic attacks since the two largest economies in the world began their trade war more than a year ago.

The trade crisis between the two largest world economies reached new levels of tension last week, after China announced the imposition, as of this Sunday, of additional tariffs of between 5% and 10% on 5,078 products from US for an added value of 75,000 million dollars (67,732 million euros) in response to the latest protectionist measures announced from Washington.

The Chinese counterattack unleashed the anger of the US president, who on that same day announced through his profile on the social network Twitter that “the remaining 300,000 million dollars of goods and products from China, which were subject to 10% tariffs as of September 1, they will now be taxed at 15%. ”

In fact, the Office of the US Trade Representative has already carried out the bureaucratic procedures to impose since September 1 and December 15 this additional 15% tariff on a list of Chinese products worth 300,000 million dollars ( 270,746 million euros), instead of the 10% initially planned.

The document maintains that following the announcement by the US of the imposition of tariffs on 300,000 million dollars in Chinese imports as of September 1 “China responded by announcing new tariffs on US products since September 1”.

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