China imposed retaliatory duties of 25% on American goods

BEIJING, August 23. /TASS/. The Chinese government on Thursday imposed a retaliatory duty of 25% on American imports with a total value of $16 billion reported by China Central television.

According to the report of the Committee on duties at the state Council of the PRC on additional fees in respect of the made in the USA imported goods worth $16 billion, taxes of China officially took effect at 12:01 local time (07:01 GMT), passed over the channel.

Earlier, the Ministry of Commerce of China expressed a protest in connection with the introduction of the USA of the second set of duties and announced the intention of Beijing to make the necessary response. As noted in a Thursday statement, the Agency, China intends to initiate proceedings in the world trade organization (WTO)

“The United States, regardless of anyone, August 23 based on the 301st article of the [U.S. trade act of 1974] impose duties of 25% on imported Chinese goods worth $16 billion, in what will obviously be suspected of violating WTO rules”, – the document says. “China submits in this regard a strong protest and will be forced to take necessary retaliatory strike”, – stated in the message Department.

“At the same time to protect free trade and the multilateral system, and to defend their legitimate rights and interests of China through the dispute settlement mechanism of the WTO initiates proceedings in respect of the imposition of duties,” said the Ministry.

US tariff

Thursday begins fee at the rate of 25% on imported from China in the USA goods which total cost is estimated at $16 billion In the office of U.S. representative for trade negotiations Robert Leitheiser stated that this list includes 279 items of Chinese products.

Entered into Thursday’s duty – the second part of the announced Leithauser 25% of the total duties on imported Chinese goods worth $50 billion. the First part of the duties for which the goods came to $34 billion, was introduced on 6 July.