** Sagar Sandesh print version ceases to be published from December 31, 2017. New look E-paper would be available from Jan. 1, 2018 onwards. free of cost.**

China imposes tariff on 128 items of U.S. imports

Sharply retaliating to the US move of slapping tariffs on steel and aluminium imports, China suspended tariff concessions on 128 items of US products including pork and fruits starting Monday 2 April 2018, according to the Ministry of Finance.

The Customs Tariff Commission of the State Council has decided to impose a tariff of 15 percent on 120 items of products imported from the United States including fruits and related products, and a tariff of 25 percent on eight items of imports including pork and related products from the country, according to a statement posted on the ministry website.

Although in violation of World Trade Organization (WTO) rules, the U.S. measure went into effect on March 23, which has severely undermined China's interests, according to the statement.

China advocates and supports a multilateral trade system, the ministry said, noting that to suspend tariff concession on U.S. imports is a just move to safeguard China's interests using WTO rules.

 


Disclaimer
Copyright © 2018 PORT TO PORT - Shipping Services Portal ( Sagar Sandesh ). All rights reserved.

Follow Us