Tariff war has started between America and China. The US President has decided to impose 25 percent tariff on Canada and Mexico from Tuesday. These tariffs have come into effect from today.Along with this, America has also given a big blow to China. America has announced to increase the tariff on all Chinese imports from 10 percent to 20 percent.
After this announcement by America, China has retaliated. China has imposed an additional tax of 10 to 15 percent on the import of many American agricultural products. In this case, Beijing said that it will impose 10 percent duty on the import of soybean, pork and other items from America.
15 percent tariff will be imposed on these things