By Zhong Nan in Beijing and Belinda Robinson in New York |
chinadaily.com.cn |
The latest tariff measures imposed by the United States will add uncertainty to global trade, disrupt international supply chains, and drive up costs for businesses while pushing up prices for consumers, economists said.
The administration of US President Donald Trump announced on Thursday that, with effect from Friday, it will impose fresh tariffs, ranging from 10 percent to 12.5 percent, on goods imported from more than 60 trading partners, including China.
The new tariffs will replace the temporary 10 percent tariff imposed in February under Section 122 of the Trade Act of 1974, which expires overnight.
