US hikes tariffs on Chinese goods, China says it will strike back

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US hikes tariffs on Chinese goods, China says to strike back

With no action from the Trump administration to reverse the increase, US Customs and Border Protection imposed the new 25 per cent duty on affected US-bound cargoes leaving China after 12.01am EDT on Friday.

Trump gave US importers less than five days notice about his decision to increase the rate on the US$200 billion category of goods to 25 per cent, which now matches the rate on a prior US$50 billion category of Chinese machinery and technology goods. Furniture, lighting products, auto parts, vacuum cleaners and building materials are also high on the list of products subject to the higher duties.Gary Shapiro, chief executive of the Consumer Technology Association said the tariffs would be paid by American consumers and businesses, not China, as Trump has claimed.

 

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