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United States imposed additional tariff increase against Chinese goods

United States imposed additional tariff increase against Chinese goods

WASHINGTON – The United States has imposed additional tariff increase offive percent on Chinese imports.

In a tweet, the US President Donald Trump said he has ordered Americancompanies to look for alternatives to China.

Earlier, China unveiled retaliatory tariffs against US goods of worth aboutseventy five billion dollars.

In a statement, Chinese Commerce Ministry said it will impose additionaltariffs of five or ten percent on total products originating from theUnited States.

The tariff hikes will be implemented in two batches and take effect from1st of September and on 15th of December respectively.