Trade war: China now imports import duty on American products, responds to Trump's decision to impose 25% tax

China has increased the import duty on American products now between the trade war issued by the US state of america. The United States decided to charge up to 25% of the goods imported from China for Rs 2.34 lakh crore ($ 34 billion) last month, which came into effect from Friday (July 6). In return, China also increased duty on US imports of such amount. China says that the US is violating the World Trade Organization (WTO) rules. We had to answer the US in the countryside. China accused America of hurting the biggest trade war in history, saying it would raise the issue in front of the WTO.

US can raise fees on imports of $ 500 billion: the US can increase duty on US $ 16 billion (1.10 lakh crore) worth of goods in the next two weeks. US President Donald Trump said that increasing duty on import of $ 500 billion (34.46 million) will be considered. In this case, the trade war between the two countries is expected to be intensified. Economists say that in 2018 China's economic growth rate can have a slight difference of 0.1-0.3%. Donald Trump has been accusing China of stealing intellectual property and raising America's trade deficit with wrong policies. This is also the reason for imposing an import duty on China's goods.