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August 6, 2018

China announces 25% tariffs on imports of various US wood products

China announces 25% tariffs on imports of various US wood products

As the Chinese Ministry of Commerce announced, the Chinese government threatened on Friday 3rd of August 2018 to put tariffs on 60 billion USD of imports from the US if the Trump administration imposes its own new levies on Chinese goods.

The new threat comes a few days after President Trump ordered his administration to consider increasing the rate of tariffs it has already proposed on 200 billion USD of Chinese goods.

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