China is expected to place US goods at 25% tax

The Chinese state has declared it is planning to impose taxes on 25% of US goods totaling $16 billion.

This is the last movement of a fierce trade war that the two countries are carrying out, writes CNN.

The Chinese government, through a statement, said this decision would take effect on August 23rd.
The two major economic powers have imposed sanctions on each other in recent months. Experts even warn that this situation could continue.

On Tuesday, President Donald Trump's administration published a list of goods totalling $16 billion that will be taxed by 25% from China. These include motorcycles, speed gauges, and antennas.

The United States has accused China of an unfair trade policy.

The same percentage of taxes has placed America on Chinese goods. In July, taxes of 25% were imposed on Chinese products totalling $34 billion.

The U.S. and China trade goods that amount to $650 billion within a year.
Asians lead in this report by exporting more goods to the American state.