China’s duties announced in retaliation for those imposed by Donald Trump are targeting US companies but are active in the Asian country. According to the Reuters agency, Beijing added 12 US companies to a list of controls prohibiting dual -use exports and six others to a list of “unreliable entities”, allowing China to take punitive measures against foreign entities, underlined in the announcements of Chinese. Beijing has announced that it will impose 84%of US products on US products, instead of initially scheduled 34%, on a further escalation of the trade war between China and the US. “The additional duty” will “increase from 34% to 84%” from this Thursday at 12:01 China (07:01 Time Greece), the Chinese Ministry of Commerce announced. Commercial restrictions, which will also come into force tomorrow Thursday, are mainly targeted by US companies supplying the Pentagon and Federal Government Services. In the case of the list of “unreliable entities” […]
Source: News Beast
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