Chinese tariffs on U.S. goods take effect from midnight Beijing time July 6: source
Chinese
tariffs
on $34 billion of
U.
S.
goods will
take
effect
from
midnight
July
6
time, a person with knowledge of the plan told Reuters, amid worsening trade tensions between the world's two largest economies.
Washington has said it would implement tariffs on $34 billion of Chinese imports on July 6, and Beijing has vowed to retaliate on the same day.
However, the 12-hour time difference puts Beijing ahead in terms of actually implementing the tariffs.
"Our measures are equal and being equal means that if the U. S. starts on July 6, we start on July 6," the source told Reuters, who requested anonymity as they were not authorised to speak to media. "The implementation time for all policies starts at midnight."
Washington has said it would implement tariffs on $34 billion of Chinese imports on July 6, and Beijing has vowed to retaliate on the same day.
However, the 12-hour time difference puts Beijing ahead in terms of actually implementing the tariffs.
"Our measures are equal and being equal means that if the U. S. starts on July 6, we start on July 6," the source told Reuters, who requested anonymity as they were not authorised to speak to media. "The implementation time for all policies starts at midnight."