China to impose a 25% duty on the goods of American exports from August 23

The Ministry of Finance of China reported that China, in response to US actions, is going to impose a 25 percent duty on US exports worth a total of $16 billion starting from August 23. As previously stated by the US authorities, the US introduces a 25-percent duty on Chinese exports from August 23 in the amount of additional $16 billion, bringing the total amount of Chinese goods levied to $50 billion. In the list of goods for which the increased duty will begin to operate from August 23, China included coal, oil, chemical products and some types of medical equipment.

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