US To Increase Tariffs On $250Bln Of Chinese Goods From 25% To 30% In October - Trump

Umer Jamshaid Published August 24, 2019 | 02:20 AM

US to Increase Tariffs on $250Bln of Chinese Goods From 25% to 30% in October - Trump

WASHINGTON (UrduPoint News / Sputnik - 24th August, 2019) The United States will increase on October 1 the imposed tariffs on $250 billion worth of Chinese goods from 25 percent to 30 percent as a response to China's new retaliatory tariffs, US President Donald Trump said in a statement.

"Starting on October 1st, the 250 billion Dollars of goods and products from China, currently being taxed at 25 percent will be taxed at 30 percent," Trump said via Twitter on Friday.

The US president also said the tariff on the remaining $300 billion worth of Chinese goods and services that will go into effect on September 1 will now increase from 10 percent to 15 percent.

Facebook Twitter Reddit Pinterest Whatsapp

Recent Stories

Pakistan , Ireland to lock horns in first T20I mat ..

Pakistan , Ireland to lock horns in first T20I match tomorrow

Wings of Faith: 2160 Pakistani Hujjaj reach the Pr ..

Wings of Faith: 2160 Pakistani Hujjaj reach the Prophet's city to embark on spir ..

PTI founder Imran Khan globally famous leader: Alv ..

PTI founder Imran Khan globally famous leader: Alvi

Perpetrators of May 9 incidents to be brought to j ..

Perpetrators of May 9 incidents to be brought to justice: PM

Samina Rahmat Manal's poetry collection "Mohabbat ..

Samina Rahmat Manal's poetry collection "Mohabbat Fatih-e-Alam" launched

CM Bugti for more funds for minorities, women, mar ..

CM Bugti for more funds for minorities, women, marginalized communities

No one will be allowed to disrespect Shuhada: COAS

No one will be allowed to disrespect Shuhada: COAS

May 9, catastrophic incidents were conspiracy to d ..

May 9, catastrophic incidents were conspiracy to disrupt country’s development ..

Chairman Senate condemns May 9 incident

Chairman Senate condemns May 9 incident

Uzbekistan's Foreign Minister meets Bilawal Bhutto

Uzbekistan's Foreign Minister meets Bilawal Bhutto

Punjab CM Maryam visits Jinnah House in connection ..

Punjab CM Maryam visits Jinnah House in connection with May 9

NA speaker strongly condemns killing of 7 innocent ..

NA speaker strongly condemns killing of 7 innocent workers in Gwadar