China fires back at the US with higher tariffs on thousands of American products


(Worthy News) – China on Monday said it would retaliate against the US by raising the tariff rates on thousands of American products, days after the US expanded duties on Chinese goods as trade negotiations stalled.

Beijing plans to increase tariffs on $60 billion worth of American imports starting June 1, China’s Ministry of Finance said in a statement. The more than 5,000 items will face duties of 5% to 25%.

On Friday, the US more than doubled the tariff rate on $200 billion worth of Chinese imports, a move meant to penalize Beijing for making reversals on past trade commitments. [ Source: Business Insider (Read More…) ]

7
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

đź’ˇ Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

Foreign-Funded NGO Network Driving Britain’s Anti-Israel Protests
Thousands Mark 31st Anniversary Of Srebrenica Genocide (Worthy News Radio)
Nigeria Rescues Dozens Of Kidnapped Schoolchildren After Weeks In Captivity
Spain Wildfire Kills At Least 12; Foreign Nationals Among Victims
Thousands Protest Hungarian Government Over Constitutional Changes
Israel Warns U.S. of Fresh Iranian Plot to Assassinate Trump
Trump Presses GOP to Pair $350 Billion Defense Push With Nationwide Voter ID Bill
Report: Christians Face Deadly Persecution as Nigeria’s Violence Escalates
Trump Presses NATO Allies, Backs Ukraine Patriot Production in Ankara Summit
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News