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China hits back at Trump with whiskey import tariff
Jun 18, 2018
(TDB) - China has retaliated to President Trump’s imposition of tariffs on $50 billion worth of Chinese imports into America, announcing a counter tariff on a raft of products imported by the US into China, including a 25% hike on American whiskey.
Chinese officials announced retaliatory tariffs aimed at the US on Saturday that targeted American exports such as electric cars, soybeans, orange juice, lobsters, salmon, cigars and whiskey.
It follows an announcement by Trump which stated that the US would be imposing tariffs on $50 billion in Chinese products, focusing on products from industrial sectors such as aerospace, information and communications technology, robotics, industrial machinery, new materials and automobiles.
Notably, it did not include some of the most popular goods purchased by US consumers from China, such as mobile phones or television sets.
The first round of tariffs on 818 products worth $34 billion will go into effect on July 6, according to the US trade representative’s office (USTR), with a second batch of 284 products valued at $16 billion under further review.
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