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USA more than doubles tariffs on US$200bn worth of Chinese goods

USA more than doubles tariffs on US$200bn worth of Chinese goods

In a sharp escalation of the US-China trade war, the USA hiked its 10% tariffs on US$200bn of Chinese goods to 25% on 10 May. , USA more than doubles tariffs on US$200bn worth of Chinese goods The move will affect more than 5,000 products including fresh and frozen food, chemicals, textiles, electronics, consumer goods, butter, grains, flaxseed, rapeseed, sunflower seed, other oilseeds such as hemp and niger, soyabean flour and meal, and other oilseed flour and meal. Soyabeans have already been subject to 25% levies since last year.

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