CHINA has raised the rate of additional tariffs imposed on some of the imported U.S. products from Saturday, according to a statement from the Customs Tariff Commission of the State Council. China increased the rate of additional tariffs on some of the about US$60 billion worth of U.S. imports to 25 percent, 20 percent and 10 percent, respectively. The 5 percent additional tariffs applied to some products remained unchanged. The decision came after the U.S. move to increase tariffs on US$200 billion worth of Chinese goods from 10 percent to 25 percent as of May 10. (Xinhua) |