U.S. To Raise Additional Tariff On Chinese Goods Worth USD550 Billion

According to the news from Ministry of Commerce, the U.S. announced that it will increase the additional tariff on Chinese goods worth about USD550 billion on 24 August. China firmly opposes it and strongly urges the U.S. not to misjudge the situation and underestimate decision of Chinese people and appeals for immediate cease of wrong actions. Otherwise the U.S. must bear all consequences.