Close Menu
Chronicle.ng
    Trending Stories
    Police nab church member over kidnap of two Catholic Priests in Adamawa

    Police bust human trafficking syndicate, rescue 40 Ghanaians in Ondo 

    July 5, 2025
    Adeleke denies defection rumours

    Adeleke not defecting to APC, Osun PDP declares

    July 5, 2025
    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    July 5, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Police bust human trafficking syndicate, rescue 40 Ghanaians in Ondo 
    • Adeleke not defecting to APC, Osun PDP declares
    • Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’
    • Nine-man PSG stun Bayern to reach Club World Cup semis
    • NLC vows protest if NASS attempts to decentralise minimum wage
    • 2027: Kwankwaso will not contest against Tinubu on our platform – NNPP
    • Diogo Jota, Andre Silva buried amid tears
    • Aregbesola warns ADC supporters against fighting APC followers
    Facebook X (Twitter) Instagram
    Chronicle.ngChronicle.ng
    Subscribe
    Sunday, July 6
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle.ng

    China hits back with 25% tariff on 128 US imports

    Chronicle EditorBy Chronicle EditorApril 2, 2018No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Facebook Twitter WhatsApp
    President Xi Jinping of China
    President Xi Jinping of China hit back imposing 25% tariff on US imports including pork and wine

    China has imposed tariffs of up to 25% on 128 US imports, including pork and wine, after US President Donald Trump raised duties on foreign steel and aluminium imports in March.

    The tariffs affecting some $3bn (£2.1bn) of imports kick in on Monday.



    Beijing said the move was to “safeguard China’s interests and balance” losses caused by new US tariffs.

    China had previously said it did not want a trade war but would not sit by if its economy was hurt.

    Mr Trump, however, has insisted that “trade wars are good”, and that it should be “easy” for the US to win one.

    READ: UNILAG rescheduled convocation holds in May

    The American authorities have already announced plans for further targeted tariffs for tens of billions of dollars of Chinese imports, the BBC‘s Chris Buckler reports from Washington.

    They say that is in response to unfair trading practices in China that affect US companies but it raises the possibility of yet more action being taken in what has become a tit-for-tat trade battle, our correspondent adds.

    Which products are affected?

    US scrap aluminium and frozen pork will be subject to a 25% additional tariff – on top of existing duties.

    Several other American foods including nuts, fresh and dried fruit, ginseng and wine will be hit by a 15% increase.

    President Donald Trump had earlier imposed tariff on China imports

    Rolled steel bars will likewise see a 15% rise in duties.

    Why is this happening now?

    China said the new tariffs were a retaliatory measure in light of Mr Trump’s decision to raise duties on steel and aluminium imports.

    But further tax hikes may lie ahead.

    On 22 March, the US said it was planning to impose duties on up to $60bn of Chinese imports and limit its investment in the US, in retaliation for years of alleged intellectual property theft.

    The White House said it was acting to counter unfair competition from China’s state-led economy.

    It remains to be seen if China will follow its opening gambit with stronger measures.

    In theory, Beijing could tax US tech companies like Apple, for example. Such a move could force US tech giants to raise their prices to compensate.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Police nab church member over kidnap of two Catholic Priests in Adamawa

    Police bust human trafficking syndicate, rescue 40 Ghanaians in Ondo 

    Adeleke denies defection rumours

    Adeleke not defecting to APC, Osun PDP declares

    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    Nine-man PSG stun Bayern to reach Club World Cup semis

    Nine-man PSG stun Bayern to reach Club World Cup semis

    NLC threatens to shut down Abuja after July 3 over unpaid wages

    NLC vows protest if NASS attempts to decentralise minimum wage

    Kwankwaso slams defectors leaving NNPP for APC

    2027: Kwankwaso will not contest against Tinubu on our platform – NNPP

    Add A Comment

    Comments are closed.

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Police nab church member over kidnap of two Catholic Priests in Adamawa

    Police bust human trafficking syndicate, rescue 40 Ghanaians in Ondo 

    July 5, 2025
    Adeleke denies defection rumours

    Adeleke not defecting to APC, Osun PDP declares

    July 5, 2025
    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    July 5, 2025
    Nine-man PSG stun Bayern to reach Club World Cup semis

    Nine-man PSG stun Bayern to reach Club World Cup semis

    July 5, 2025
    NLC threatens to shut down Abuja after July 3 over unpaid wages

    NLC vows protest if NASS attempts to decentralise minimum wage

    July 5, 2025
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2025 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.