CHINA will raise tariffs on part of US$60 billion worth of U.S. goods from June 1, announced the Customs Tariff Commission of the State Council in a statement issued yesterday.
China has decided to impose tariffs of 25 percent, 20 percent and 10 percent on certain U.S. products starting June 1, the statement said, adding that the products under a 5-percent tariff cap would not be affected by this round of tariff hikes.
Some 2,493 goods will see levies raised to 25 percent, according to the statement.
The hike was made after the United States announced to increase tariffs from 10 percent to 25 percent on US$200 billion worth of Chinese goods, which took effect Friday.
(SD-Agencies) |