“Urge us to correct our mistakes”: China on mutual tariff


Beijing:

China on Sunday called for the United States to “completely cancel” its mutual tariffs after the United States announces a discount for consumer electronics and major chipmaking devices.

“We urge the US … Take a big step to correct our mistakes, completely cancel the wrong practice of ‘mutual tariff’ and return to the right path of mutual respect”, a Commerce Ministry spokesman said in a statement.

A notice late Friday night by the US Customs and Border Protection Office said that smartphones, laptops, memory chips and other products would be excluded from the global levy president Donald Trump in this month.

The Ministry of Commerce of Beijing stated that the exemption by Washington and China was a “small step”, evaluating the “impact of the decision”.

This came when 125 percent of the Anti -Repilee Chinese import tariffs on American goods were effective on Saturday, with Beijing standing against its biggest trade partner.

The discount will benefit American tech companies like Nvidia and Dell, as well as Apple, which makes iPhone and other premium products in China.

Most Chinese goods still face the blanket 145 percent levy after keeping the country out of the 90-day tariff refrigeration.

(Except for the headline, the story has not been edited by NDTV employees and is published by a syndicated feed.)


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