China raise tariffs, news bye Hebei Longsheng
| China said it would raise tariffs on items originating in the US from 5 per cent to 10 per cent, and the new duties would be implemented in two batches – the first from September 1 and the second from December 15. The duties – announced and then suspended earlier this year – are in response to Washington’s plan to slap 10 per cent tariff on US$300 billion worth of Chinese imports. |
