Chinese Government Slaps US With More Tariffs

Forex News

Chinese finance ministry announced that China will impose even more tariffs on the US products. The tariffs will sum up 25% and the list includes 106 goods, worth 50 billion dollars. They are: soybeans, autos, chemicals, some types of aircraft, corn products and other agricultural production. Some additional tariffs will be imposed on whiskey, cigars and tobacco, some types of beef, lubricants, propane and other plastic products. Moreover, some regulations will be put on some sorghum products, cotton, certain types of wheat, trucks, some SUVs and some types of electric vehicles imports.