China raises tariffs on US goods amid esclating tensions

[ahlam1399]

BEIJING: China on Saturday increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of "unreliable" foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei.Beijing’s move hits $60 billion worth of US goods with new punitive tariffs ranging from five to 25 percent, and comes in retaliation for Washington raising duty on $200 billion in Chinese goods to 25 percent.http://feeds.feedburner.com/~r/com/cwEr/~4/D3X9-HLBIpU

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