US Agrees to 20% Tariff Cap on Chinese Goods, China Warns of Retaliation
China stated that the United States agreed during recent trade talks to cap replacement tariffs on Chinese goods at 20%. Current tariffs stand at 12.5%, indicating potential for further increases up to the agreed cap. Beijing warned it would respond to any new US measures, while urging Washington to remove unilateral tariffs and continue negotiations. Separately, an ongoing US probe into China's manufacturing sector could result in additional duties.
Source:X@DeItaone · Source Link
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