23 Hrs
Source:
الاقتصادية
China: US sets 20% alternative tariff cap
China sought to reveal that the United States had committed to setting a cap of 20% on alternative tariffs on Chinese goods during bilateral trade discussions. Beijing clarified that current tariffs stand at 12.5%, leaving a margin of 7.5 percentage points before reaching the announced maximum. These statements come amid escalation in the trade war between the two countries, as the Trump administration imposed new tariffs of 25% on certain Chinese imports, citing China's inadequate efforts to combat forced labor. In response, China announced that its retaliatory measures remain in effect and criticized the US tariffs, calling for dialogue to resolve the disagreements. Trade tensions between the two nations continue amid ongoing investigations and reciprocal responses, with expectations of an extension of the trade truce agreed upon last year.
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