from RT:
China has raised its tariffs on American goods to a total of 84%, the Finance Ministry has announced. The measure was introduced after US President Donald Trump increased the tariffs on all Chinese imports to a whopping 104% earlier this week.
TRUTH LIVES on at https://sgtreport.tv/
Beijing has slapped an additional 50% tariff – due to take effect at noon on Thursday – on American goods, mirroring Washington’s move. This comes on top of the previously imposed 34% tariff, the ministry said in a statement on Wednesday.
“The US’ practice of escalating tariffs on China is a mistake on top of a mistake, which seriously infringes on China’s legitimate rights and interests and seriously damages the rules-based multilateral trading system,” the document reads.
In addition to the tariff hike, China’s Ministry of Commerce filed a complaint with the World Trade Organization against the US and placed six American companies on its ‘unreliable entity’ list. An additional 12 US businesses were subjected to export controls that bar Chinese companies from supplying them with dual-use items.
In a statement on Tuesday, the ministry vowed that China would fight the trade war “to the end” and “firmly defend its interests.”
