US starts collecting increased 25% tax on $200bn of Chinese imports

Young journalists club

News ID: 40254
Publish Date: 19:36 - 02 June 2019
TEHRAN, Jun 2 - 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.

US starts collecting increased 25% tax on $200bn of Chinese importsTEHRAN, Young Journalists Club (YJC) - 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: Press TV

Tags
US ، tax ، china
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