1 Day
Source:
المشهد العربي
Beijing Confirms U S Tariff Limits
The Chinese Ministry of Commerce revealed that the United States has committed to setting a maximum cap of 20% on alternative tariffs on Chinese goods, thereby limiting potential tax increases by the Trump administration. Currently, the applied tariff rate stands at 12.5%, giving Washington room to raise it by 7.5 percentage points before reaching the maximum. China also emphasized that measures related to retaliatory tariffs, including those concerning American fentanyl, remain in place. It criticized the United States for politicizing tariffs under the guise of concerns over forced labor and affirmed the development of a legal framework to address these practices.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)