On May 10, the decision of the US President’s Administration to increase from 10% to 25% of import duties on Chinese goods for a total of $ 200 billion came into force. On May 5, these actions were announced by US President Donald Trump, explaining this decision by the fact that trade and economic negotiations with China, the next round of which is being held on May 9-10, are moving "very slowly."
As a retaliatory move, the Ministry of Commerce of China in its response statement noted that this US decision would entail retaliatory Chinese measures. "China regrets this decision of the American party very much and will be forced to take the necessary countermeasures," the ministry said in a statement.
Source: apk-inform.com.
