OUR NEWS

Tariffs: China hits back, halts purchase of U.S. produce

August 7, 2019

 

 

China has asked its companies to stop purchasing U.S. farm products in response to Washington’s latest round of tariffs on its exports.

 

The Chinese Ministry of Commerce made this known in a statement.

The ministry added that Beijing would not rule out hiking imports duties on farm products dating back to August 3.

 

U.S. President Donald Trump on Thursday announced he would hike tariffs on 300 billion dollars’ worth of Chinese goods to 10 per cent from Sept. 1.

 

The tariffs are to come on top of the 25-per-cent levies already imposed over the past year on 250 billion dollars’ worth of Chinese products.

When they take effect, all Chinese goods coming into the U.S. will be subject to punitive tariffs.

 

The Chinese ministry called the latest tariffs a “serious violation” in the ongoing trade war between the world’s two largest economies.

Please reload

Recent Posts

Please reload

SUBSCRIBE TO OUR NEWSLETTER

Keep up to date with the latest news and services from Oakmark Global Vision

WEST AFRICA'S NO.1 ECONOMIC AGENTS

REGIONAL OFFICE

INTERNATIONAL OFFICE

CONNECT WITH US

SITE MENU

1 Kandi Close, Off Aminu Kano

Crescent, Wuse 2, Abuja F.C.T

Nigeria 

King Court, 17 School Road
Hall Green Birmingham
United Kingdom  B28, 8JG

+234 -(0)- 929 207 02
+234 (0) 704 497 6500

+44 (0) 121 244 1814
+44 (0) 746 625 2505

© 2020 Oakmark Global Vision Ltd - All Rights Reserved.

UK Company No. 07634879 / Nigeria Company No. RC 1288232

WEST AFRICA'S NO.1 ECONOMIC AGENTS
  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey Instagram Icon
  • Grey LinkedIn Icon