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News > The Sino US trade war has intensified
On May 9, 2019, the U.S. government announced that from May 10, 2019, the tariff rate on the $200 billion list goods imported from China will be increased from 10% to 25%. At the same time, the US side has added another batch of US $300 billion list, which has been officially released. The U.S. trade representative's Office (USTR) announced that it would solicit opinions and hold a public hearing on the 25% tariff increase on about US $300 billion of Chinese goods.
As a counteraction and response to the US tax increase policy, China imposed tariffs on US $60 billion of imported goods, including 25% on 2493 tariff items; An additional 20% tariff will be levied on 1078 tariff items; An additional 10% tariff will be levied on 974 tariff items. An additional 5% tariff will still be levied on 595 tariff items.
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