China is back with tariffs on imports

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China has imposed tariffs of up to 25% on 128 us imports, including pork, and the wine, after the us President, Donald Trump raised duties on foreign steel and aluminum imports to the beginning of March.

The rates that affect some $3 billion (£2.1 billion) of imports kick in on Monday.

Beijing said the move was to “safeguard the interests of China and the balance of” losses caused by the new tariff of the united states.

China had previously said that he does not want a trade war, but don’t sit by if its economy was injured.

Mr Trump, however, has insisted that “the trade wars are good”, and that it should be “easy” for the united states to win one.

The Us authorities have already announced plans to more oriented tariffs for tens of billions of dollars of Chinese imports, the BBC’s Chris Buckler reports from Washington.

They say that this is in response to unfair trade practices in China, that affect US companies, but it raises the possibility that even more measures are taken in what has become a tit-for-tat trade battle, our correspondent adds.

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Which products are affected?

US scrap aluminum and frozen pork will be subject to a 25% additional fee – on top of existing obligations.

Several other American foods such as nuts, fresh and dried fruit, the ginseng and wine is going to be hit by a 15% increase.

Rolled steel bars will likewise see a 15% increase in the compliance of obligations.
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Why is this happening now?

China said that the new tariffs were a retaliatory measure in the light of Mr Trump’s decision to raise tariffs on steel and aluminum imports.

But more tax increases to come.

On the 22nd of March, the US said it was planning to impose tariffs of up to $60bn of Chinese imports and to limit its investment in the united states, in retaliation for years of alleged theft of intellectual property.

The EPA

The White House said it was acting to counteract the unfair competition of China led by the state of the economy.

It remains to be seen if China is going to continue its initial move to stronger measures.

In theory, Beijing could tax US tech companies such as Apple, for example. Such a move could force us tech giants to increase their prices to compensate.

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