The new punitive tariffs ranging from 5% to 25% come in retaliation for Washington raising punitive tariffs on $200 billion in Chinese goods to 25%, from 5% earlier. The tit-for-tat tariff war has been upstaged in recent weeks by Washington's move to blacklist Huawei over national security concerns, threatening the ambitions of the global 5G equipment market leader. The state-owned newspaper the Global Times said the new list would "work as deterrent forming a protective barrier around Chinese companies". China has national policies and laws where data is required to be shared," Patrick Shanahan told the forum. US President Donald Trump more than doubled punitive tariffs on $200 billion in Chinese goods to 25 percent last month, and launched the process to hit nearly all remaining imports from the Asian giant.

Source: Bangkok Post June 01, 2019 06:45 UTC