BEIJING: Responding to Donald Trump’s announcement apropos imposition of 54% levies on commodities that China exports to US, the Finance Ministry here has imposed 34 percent additional Tariffs on the imports of American goods.
Chinese Commerce Ministry maintained: “The purpose of the Chinese government’s implementation of export controls on relevant items in accordance with the law is to better safeguard national security and interests, and to fulfill international obligations such as non-proliferation.” The extra tariffs would be imposed on US commodities from 10th April. The customs here has also suspended imports of sorghums, poultry & bonemeal from US.
It may be recalled that on 3rd April US President Donald Trump (who is desperately trying to transform his country into a Mercantile entity, has also imposed 29% reciprocal tariffs on commodities imported from Pakistan. It is pertinent to mention here that Indian exporters will be paying twenty-six percent tariff for the commodities sent to US. Whereas, Sri Lanka too will be paying forty-four percent tariffs for the stuffs exporting to USA.
Newspakistan.tv
