China and the United States to implement a tariff increase of 25% – Newsletter website hkej.com



August 24, 2018

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Representatives from China and the United States are conducting trade negotiations in Washington, DC. The United States has announced that they will impose a 25% tariff on Chinese imports worth US $ 16 billion, and this will enter into force on schedule from 0 : 00 am (noon on time in Hong Kong). China has immediately launched countermeasures to impose a 25% rate on US imports with the same value, which was implemented yesterday from 12:01. The Chinese Ministry of Commerce criticized the US for its willingness to go its own way, and stressed that China should continue to make the necessary counter-attacks.
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