China's Ministry of Commerce has formally objected to Washington's latest trade measures, condemning the United States over new Section 301 tariffs. Despite the criticism, Beijing has signaled that it will hold off on immediate retaliation against the newly imposed duties.
The restraint is attributed to the specific rate of the new levy. The 12.5 per cent duty keeps the United States within the ceiling that the Trump administration had previously promised during earlier bilateral talks.
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