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US-China commerce warfare ramping up: China slaps a 43% tariff on widely-used US chemical

ICYMI from Friday, a Chinese language Ministry Of Commerce assertion had a brand new impost on US good.

China has hit imports of propionic acid from the USA with a levy of 43.5%. The chemical is broadly utilized in meals, feed, pesticides and medical fields.

The Ministry Of Commerce cited an investigation discovered the Chinese language home propionic acid trade was “materially damaged.”

The earlier information, Thursday, China’s commerce ministry stated it firmly objects to the U.S. elevating tariffs and can take all essential measures to guard its rights and pursuits.

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