China Hits Back With 25% Tariff On U.S. Imports
04 Avril 2018 - 11:53AM
RTTF2
In retaliation to the United States' plan to impose a 25 percent
tariff worth $50 billion on about 1,300 Chinese products, China
announced the same tariff on a list of 106 U.S. goods, including
aircraft, cars, soybeans, chemical products and orange juice.
The Office of the U.S. Trade Representative or USTR said the
latest trade measure is part of "the U.S. response to China's
unfair trade practices related to the forced transfer of U.S.
technology and intellectual property."
President Donald Trump had announced a month ago that the United
States will impose tariffs on $50 billion worth of Chinese imports
in response to China's policies that force American companies into
transferring their technology and intellectual property to domestic
Chinese enterprises.
These policies bolster China's intention of seizing economic
leadership in advanced technology as set forth in its industrial
plans, such as "Made in China 2025," according to USTR.
Targeted sectors include industries such as aerospace,
information and communication technology, robotics, and
machinery.
USTR made it clear that the products subject to the additional
duties will be finalized only after further review in a public
notice and comment process, including a hearing.
On the other side, the Customs Tariff Commission of the Chinese
State Council has decided to impose additional tariff of 25 percent
on 106 items of products under 14 categories, the Ministry of
Finance said in a statement on its website.
The date of implementation will depend on when the U.S.
government impose the tariffs on Chinese products, the ministry
said.
Just days ago, the USTR filed a request for consultations with
China at the World Trade Organization (WTO) to address China's
discriminatory technology licensing requirements. It is the first
step in the WTO dispute settlement process.
US Dollar vs CHF (FX:USDCHF)
Graphique Historique de la Devise
De Avr 2024 à Mai 2024
US Dollar vs CHF (FX:USDCHF)
Graphique Historique de la Devise
De Mai 2023 à Mai 2024