Mon­day Govt to fi­nan­cially help com­pa­nies hit by US tar­iffs

China Daily (USA) - - NEWS CAPSULE -

China will use funds col­lected from tar­iffs charged on ship­ments from the United States to re­duce the im­pact of US trade moves on Chinese com­pa­nies and their em­ploy­ees, the Min­istry of Com­merce an­nounced.

The min­istry said in a state­ment that the gov­ern­ment will en­cour­age com­pa­nies to in­crease goods and com­mod­ity im­ports, in­clud­ing au­to­mo­biles, aquatic prod­ucts and soy­beans from other mar­kets.

China’s lat­est ac­tion came af­ter the US gov­ern­ment started to im­pose puni­tive tar­iffs on $34 bil­lion of Chinese im­ports. China then re­tal­i­ated by levy­ing du­ties of the same amount to de­fend its in­ter­ests. (Photo 1)

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.