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China ready to impose tariffs on $16 bln of US products


China has decided to impose an additional tariff of 25 percent on 16 billion dollars’ worth of US goods, the Customs Tariff Commission of the Chinese State Council announced on Wednesday. 
 
The decision followed the US announcement earlier that it will begin imposing a similar tariff on 16 billion US dollars' worth of Chinese goods on August 23, 2018.
 
The Chinese tariffs will take effect on August 23, said the commission.  
 
The US has once again put domestic law above international law by imposing “very unreasonable” new tariffs on Chinese goods, said Chinese Commerce Ministry in a statement on Wednesday.
 
Sources:CGTN

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