Us-china tarif war: The US has issued an order to impose tariffs on China. In response, China has announced to implement 10 per cent tariffs on many American agricultural products including soybean, jowar, porn, beef, aquatic products, fruits, vegetables and dairy products. According to the report of the news agency Reuters, the Chinese Finance Ministry issued a statement saying that from March 10, an additional tariff of 10% -15% will be imposed on some US imports.
This move of China has come from US President Donald Trump after increasing the tariff rate from 10 to 20 per cent on Chinese goods. This increase is part of the American widespread strategy that aims to oppose the unfair trade practices being towards China. Apart from China, the US has also imposed a 25 % tariff on imports from its neighboring countries, Canada and Mexico. This action has increased the risk of trade war, which can prove to be dangerous for the global market and economic stability.
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