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China opposes US ’forced labour’ tariffs, calls for them to be cancelled

First publishedJul 27, 10:34 UTC
Last updatedJul 27, 16:11 UTC · 10m ago
11 outletInvesting.com · Economy22 outletsInvesting.com · Economy
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Investing.com -- China’s Commerce Ministry said Monday that the United States has committed to capping replacement tariffs on Chinese goods at 20%, marking the first public disclosure of such a limit following recent bilateral trade discussions. The ministry stated that Washington made the commitment during trade talks between the two countries.

Reported by 3 outlets Investing.com · Economy. See all sources ↓

Investing.com -- China’s Commerce Ministry said Monday that the United States has committed to capping replacement tariffs on Chinese goods at 20%, marking the first public disclosure of such a limit following recent bilateral trade discussions. The ministry stated that Washington made the commitment during trade talks between the two countries. With the current replacement tariff standing at 12.5%, China indicated that the US has 7.5 percentage points of room for additional increases before reaching the stated ceiling. The new tariffs were implemented as President Donald Trump rebuilds trade barriers after the Supreme Court struck down his initial levies.

Read the full report at Investing.com · Economy

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In brief
What's the story?
Investing.com -- China’s Commerce Ministry said Monday that the United States has committed to capping replacement tariffs on Chinese goods at 20%, marking the first public disclosure of such a limit following recent bilateral trade discussions. The ministry stated that Washington made the commitment during trade talks between the two countries.
How widely is it covered?
3 outlets, average source rating 6.0/10.
When was it last updated?
10m ago.
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    China says US committed to 20% tariff cap in trade talks

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    Investing.com · Economy
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