The move, which Beijing officials have slammed as "protectionist," comes less than a month after Washington quadrupled US tariffs on Chinese electric vehicles to 100 per cent.
China's Commerce Ministry also said that the move is against US President Joe Biden's earlier stand of not seeking to 'contain' or 'decouple' with Beijing.
Washington [US], May 6 (ANI): Chinese Ambassador to the US Qin Gang has accused the Biden administration of politicizing China-US business and trade ties and levying additional tariffs on Chinese goods.
Washington [US], April 29 (ANI): The United States is continuing to look at the tariffs on China introduced by the Trump administration, White House Press on Thursday.
Ottawa [Canada], August 25 (ANI/Sputnik): Ottawa expects Washington to abide by a World Trade Organization (WTO) ruling against US tariffs imposed on Canadian lumber products, Minister of Small Business, Export Promotion and International Trade Mary Ng said in a statement.
Singapore, Aug 28 (ANI): Rising input costs and inability to pass on higher costs to customers are pressuring the profitability of Asian steel producers, Moody's Investors Service said on Wednesday while revising its outlook for the sector to negative.
Washington [US], Aug 16 (ANI): China is likely to face its first-ever recession if it does not sign a trade deal with the United States, claimed a former economic advisor to President Donald Trump.
Beijing [China], Aug 6 (ANI): China on Tuesday announced that its firms have suspended purchases of US agricultural products nearly a week after President Donald Trump announced his decision to slap additional tariffs on Chinese exports.
Beijing [China], Aug 2 (ANI): Beijing on Friday sharply criticised President Donald Trump's decision to slap additional tariffs on Chinese exports to the United States, saying it will have to take "necessary countermeasures" to defend its core national interests and its people's fundamental
New Delhi [India], June 28 (ANI): Former Jammu and Kashmir Chief Minister Farooq Abdullah on Friday quipped that United States President Donald Trump has taught India a "good lesson" while referring to Trump's recent comments asking India to withdraw "unacceptable" tariffs on American goods.