China imposes 25% retaliatory import tariffs on 659 US goods worth $50 bln

China imposes 25% retaliatory import tariffs on 659 US goods worth $50 bln

China has imposed an import duty on 659 types of goods imported from the United States worth about $50 billion in retaliatory measures after Donald Trump's similar move, Sputnik reports.

The customs duty on 545 items of goods from the list worth about $34 billion will be enforced on July 6.

Earlier in the day, the Chinese Commerce Ministry said on its website that Beijing "is unwilling to have a trade war, but the Chinese side has no choice but to strongly oppose this, due to the United States' myopic behavior that will harm both parties."

The comment was in the wake of the fresh decision made by US President Donald Trump, who had imposed a 25 percent tariff on Chinese goods "that contain industrially significant technologies," introduced, as he stated, in response to the alleged theft of intellectual property.

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