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China: More retaliation on the way
On 18th September, China announced fresh tariffs on a list of $60 billion worth of US goods. The tariff rates are set between 5 to 10%, which is lower than the 5 to 25% that was proposed previously, following a US decision to initially limit tariffs to 10% on its list of $200 billion worth of goods. However, these lower tariffs are only set to last until the end of 2018, and if the US increases the rate to 25% in 2019, as it has suggested, we expect China to follow suit – as it initially suggested back at the start of August. This so far includes the reinstatement of a 2013 WTO dispute and lowering import taxes on ... (full story)
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- Oct 5, 2018 11:53am Oct 5, 2018 11:53am
- kenleander
- | Joined Aug 2010 | Status: Member | 707 Comments
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- Oct 5, 2018 2:50pm Oct 5, 2018 2:50pm
- yousername
- Joined Mar 2017 | Status: Working smart and hard | 38 Comments
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