Home / Knowledge / News / Textiles / Steep Chinese tariffs on 128 US imports
Steep Chinese tariffs on 128 US imports
03
Apr '18
Steep Chinese tariffs on 128 US imports
China has imposed tariffs on 128 US imports worth $3 billion as a counter measure to US duties on steel and aluminum that, according to Beijing, "seriously infringed" its interests. China has termed Washington’s assertion about steel and aluminum imports from the former being a threat to national security an “abuse” of World Trade Organisation (WTO) guidelines.

The decision was taken by the Chinese state council’s custom tariffs commission followed weeks of rhetoric, according to a news agency report.

China has urged the United States to stop its "economic intimidation" and had warned earlier that it was ready to hit back.

The US measures "are directed only at a few countries, seriously violating the principle of non-discrimination as a cornerstone of the multilateral trading system, which seriously infringed the interests of the Chinese side," said a statement on the Chinese commerce ministry website.

"We hope that the United States can withdraw measures that violate WTO rules as soon as possible to put trade in the relevant products between China and the US back on a normal track," the commerce ministry statement said.

Tariffs of 10 per cent on aluminum and 25 per cent on steel by the United States have reportedly angered US allies as well.

Though the US Government has temporarily suspended the tariffs for the European Union (EU), Argentina, Australia, Brazil, Canada, Mexico and South Korea, it has unveiled plans to impose new tariffs on some $60 billion of Chinese imports over the "theft" of intellectual property. The United States ran a $375.2 billion deficit with China last year. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Lenzing

Textiles | On 25th Jun 2018

Lenzing launches Veocel nonwoven speciality brand

Leading fibre company, the Lenzing Group has unveiled Veocel, the new ...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search