China will introduce increased duties on goods from the United States in the amount of 60 billion dollars

Trade negotiations between the United States and China did not bring positive results. US authorities said that Chinese imports amounting to about $200 billion in duties are rising from 10% to 25%. In addition, US President Donald Trump announced the launch of a process to increase duties on all remaining goods imported from China. The cost of this balance is approximately 300 billion dollars. In response to the actions of the American leadership, the Ministry of Finance of China announced its intention to increase duties on goods imported from the United States in the amount of $60 billion from June 1. The Ministry notes that the amount of duties on a number of goods from the United States will be adjusted. It is planned to increase the duties on some goods up to 25%, 20% and 10%. After the truce reached by the parties to the trade conflict for a period of 3 months in December 2018, the representatives of these countries held 10 rounds of negotiations, the results of which indicated some progress in the preparation of the agreement. However, on the eve of the last round, the US president announced that China is retreating from the previously reached agreements.

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