The US has begun applying 25 percent tariffs to a list of Chinese imports after President Donald Trump slapped Beijing with higher levies on $200 billion worth of products coming into the country.
While the measure was introduced on May 10, the US has granted Chinese importers a grace period until June 1 to import their goods under the old tariff of 10 percent.
The hikes impact a variety of consumer products, especially basic household goods such as furniture and vacuum cleaners, printers, as well as internet modems and routers.
Just before the hike kicked in at 12:01 am EDT on Saturday, Beijing began applying its own set of higher tariffs on $60 billion of US imports.
Source : RT - Daily news
US starts collecting increased 25% tax on $200bn of Chinese imports
US starts collecting increased 25% tax on $200bn of Chinese imports