China has announced that it is changing additional rates on US goods

Beijing, May 14 (IANS). The Customs tariff commission of the Chinese State Council issued a release on Wednesday to announce the change of additional rates on US goods imported on May 14 from 12 to 1 minute. According to the release, the rate of additional rates imposed US goods will be reduced from 34 percent to 10 percent. Within 90 days, 24 percent of additional rates against the US will be temporarily postponed. In addition, after April 2, others will also not be postponed for our additional rates or canceled from other Chinese departments. On the other hand, on May 12 on May 12, the US issued an administrative order and announced to change the additional tariff to China from 1 minute on May 14. It is believed that the large scale of bilateral rates by China and the United States is in line with the guard of producers and consumers of both countries and is beneficial for the economic and business movement and the global economy of both countries. (Sincerely- China Media Group, Beijing) -Ins ABM/ Share these Story Tags