On Tuesday, China imposed an import duty on US $ 60 billion (about 4.36 lakh crore) products. In fact, the US had imposed an import duty on China's $ 200 billion (about Rs 14.50 lakh crore) products on Monday.
After this, China responded and announced a tax on US 5207 new products. US already imposed $ 50 billion on Chinese imports, China's trade surplus with US reached $ 31 billion
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