US Raises Tariffs on China From 10% to 25% Effective May 10 - Federal Register
The Trump administration will increase tariffs on $200 billion worth of Chinese goods from 10 percent to 25 percent effective May 10, a notice posted in the Federal Register revealed on Wednesday
WASHINGTON (Pakistan Point News / Sputnik - 08th May, 2019) The Trump administration will increase tariffs on $200 billion worth of Chinese goods from 10 percent to 25 percent effective May 10, a notice posted in the Federal Register revealed on Wednesday.
"In accordance with the direction of the President, the US Trade Representative (Trade Representative) has determined to modify the action being taken in this Section 301 investigation by increasing the rate of additional duty from 10 percent to 25 percent for the products of China covered by the September 2018 action in this investigation," the notice said. "The rate of additional duty will increase to 25 percent with respect to products covered by the September 2018 action on May 10, 2019."