In response to US measures, China will overtax products imported from that country. The Chinese Government Customs Tariff Commission has specified it today. The taxes are valued at US $ 60 billion and include a long list of wood products. Initially, China had considered tiered retaliatory taxes ranging from 25% to 5% (25, 20, 10, 5). But as the US has decided for the time being only a surcharge of 10%, the Chinese have reduced their retaliatory taxes to 10 and 5%. In case the US passes 25%, China will line up. Below ...
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