Daily Express Subscriber
Sign in to your account.

BEIJING: China will impose additional 34-per cent tariffs on all products imported from the United States starting from April 10, the Customs Tariff Commission of the State Council announced on Friday, reported Xinhua.

The announcement follows the US decision to impose "reciprocal tariffs" on Chinese exports to the US, a move that the commission said does not conform to international trade rules, seriously undermines China's legitimate rights and interests, and represents a typical act of unilateral bullying.  

The US move not only harms the interests of the US itself, but also jeopardises global economic development and the stability of industrial and supply chains, the commission said in a statement.

China urged the US to immediately lift its unilateral tariff measures and resolve trade disputes through consultations on the basis of equality, respect and mutual benefits, according to the statement.

The commission noted that the existing bonded policies as well as tax reduction and exemption policies will remain unchanged, while the new additional tariffs to be imposed will not be reduced or exempted.