China plans for reciprocal tariffs on US imports: report

Source: The Hill | March 22, 2018 | Jacqueline Thomsen

China is planning on imposing reciprocal tariffs on $3 billion worth of U.S. imports, Bloomberg News reported Thursday, following President Trump’s move to impose levies on Chinese products.

The Chinese measures include a 25 percent tariff on U.S. pork imports and 15 percent tariffs on steel pipes, fruit and wine, according to the report.

The country is planning on taking legal action against the U.S. through the World Trade Organization, Bloomberg reported.

Chinese officials in a statement called on the U.S. to resolve the issues on trade through talks.

The reported moves come just hours after Trump announced plans to impose tens of billions of dollars in tariffs and penalties on imports from China to try to curb Chinese efforts to steal intellectual property from U.S. companies.

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