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.

💡 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

Hungary Faces First-Ever Nuclear Plant Shutdown Amid Deepening Energy, Water Crises (Worthy News Investigation)
Tony Robbins Tells RFK Jr. Nanotechnology Could Link Human Brains to AI by 2032 (Video)
‘Flat Broke’: DNC Financial Crisis and Leadership Turmoil Alarm Democrats Ahead of Midterms
Trump Says Israel ‘Very Happy’ With Hamas Disarmament Deal, but Netanyahu Signals Deep Reservations
Migrants Flood Spain’s Ceuta Enclave As Death Toll Rises
Senate Again Rejects Resolution Seeking to Halt U.S. War With Iran
Record-Low Danube Threatens Hungary’s Nuclear Power Supply
Trump Says Hamas Has Agreed to Disarm, but Deep Skepticism Remains
Netanyahu Tells Evangelical Leaders: Jews and Christians Are ‘One’ Under Attack
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