With growing tension between US and China, the Chinese government has listed out 125 products under the slab of tax of 25% of tariffs on US import. The list included US ACN as well. The government has not specified the implementation date for this policy yet. China imports around 20% of its requirement of ACN from US. The increased import duty will now cut down their imports. The traders are worried due to implementation of these tariffs as they are affecting the economies of the two nations
