China imposes additional tariffs on 60 bln USD worth of U.S. products

China has raised the rate of additional tariffs imposed on some of the imported U.S. products from June 1, according to a statement from the Customs Tariff Commission of the State Council.

The Port of Nantong in the city of Nantong, Jiangsu Province. [File photo: VCG]

China increased the rate of additional tariffs on some of the about 60 billion U.S. dollars worth of U.S. imports to 25 percent, 20 percent, and 10 percent respectively. The 5 percent additional tariffs applied to some products remained unchanged.

The decision came after the U.S. move to increase tariffs on 200 billion dollars worth of Chinese goods from 10 percent to 25 percent as of May 10.