China has announced that it is rolling out new tariffs on meat, fruit and some other products that are from the United States. It is considered to be a retaliation against the new taxes that were recently approved by Donald Trump, the President of the United States of America that will be imposed on imported steel aluminium.
In a statement that was released by the finance ministry of China, it says that the new tariffs are scheduled to start on Monday.
The said announcement follows through on the warnings that were made by the officials from China for several weeks in a heightening trade conflict with the United States.
The Customs Tariff Commission of China is set to raise the rate of the tariffs on eight imported products that are from the United States, including pork which is set to increase by 25 percent. It is also imposing a new 15 percent tariff on 120 imported commodities from the United States, including fruits.
The tariffs mirror the 25 percent charge of Donald Trump on imported steel and the 15 percent increase in aluminum. Partly, the tariffs of President Trump are a response to complaints that Beijing steals or pressures foreign firm to hand over their technology.