China Hits Back at US with Retaliatory Sanctions
On 14th May, China announced that it would raise tariffs on $60 billion worth of U.S. goods from June 1, in retaliation to the latest round of U.S. tariff hikes and its plans to target almost all Chinese imports.
- A total of 5140 U.S. products will be subjected to additional tariffs of 5%, 10%, 20% and 25% starting June 1.
- US believes that China has taken advantage of the US economy for years, mainly by stealing intellectual property and displacing millions of American jobs therefore the tariffs would force China to curb its unfair trade practices.
Failed trade talks:
- On 10th ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 DiGi Framework for India
- 2 UK Agrees to Return Chagos Islands to Mauritius
- 3 Boosting India-ASEAN Ties: PM Proposes 10-Point Plan
- 4 19th East Asia Summit (EAS)
- 5 India and Jamaica Strengthen Partnership
- 6 Nepal-India-Bangladesh Electricity Trade Agreement
- 7 India-Maldives: Comprehensive Economic and Maritime Security Partnership
- 8 India-China LAC Agreement
- 9 India, Pakistan Renew Kartarpur Corridor Agreement
- 10 India Joins US-Led Minerals Security Finance Network
- 1 Prime Minister’s Swearing-In Ceremony Invites World Leaders
- 2 Masood Azhar Sanctioned by UNSC Sanctions Committee
- 3 Indian Objects Human Rights Council Report On Kashmir
- 4 US Announces New Rules for Issuance of Green Cards
- 5 India Extends Retaliatory Tariff Deadline on US Products till June 16
- 6 At WTO India Pushes For Unbiased Assessment of Trade Policies
- 7 US-Iran Crisis Escalates
- 8 HC: United Nations Not a State under Article 12
- 9 IMF to loan Pakistan $6 billion over 3 years
