China Says It Reserves Right to Take Measures Against US Planned Investment Curbs 

A worker sets up decoration formed with umbrellas for an outdoor market along the Wangfujing mall street in Beijing, Wednesday, June 19, 2024. (AP)
A worker sets up decoration formed with umbrellas for an outdoor market along the Wangfujing mall street in Beijing, Wednesday, June 19, 2024. (AP)
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China Says It Reserves Right to Take Measures Against US Planned Investment Curbs 

A worker sets up decoration formed with umbrellas for an outdoor market along the Wangfujing mall street in Beijing, Wednesday, June 19, 2024. (AP)
A worker sets up decoration formed with umbrellas for an outdoor market along the Wangfujing mall street in Beijing, Wednesday, June 19, 2024. (AP)

China is gravely concerned and firmly opposed to US proposed rules for curbing certain investments in China, and reserves the right to take corresponding measures, the Chinese commerce ministry said on Monday.

The US should "stop politicizing and weaponizing economic and trade issues, and lift investment restrictions on China," the ministry said in a statement.

Washington issued on Friday draft rules for banning or requiring notification of certain investments in artificial intelligence and other technology sectors in China that could threaten US national security.



Russia Hikes Import Tariffs for Consumer Goods from 'Unfriendly Countries'

A Russian national tricolor flag flutters on a tourist boat as another boat passes by along the Moskva river in central Moscow on July 18, 2024. (Photo by Natalia KOLESNIKOVA / AFP)
A Russian national tricolor flag flutters on a tourist boat as another boat passes by along the Moskva river in central Moscow on July 18, 2024. (Photo by Natalia KOLESNIKOVA / AFP)
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Russia Hikes Import Tariffs for Consumer Goods from 'Unfriendly Countries'

A Russian national tricolor flag flutters on a tourist boat as another boat passes by along the Moskva river in central Moscow on July 18, 2024. (Photo by Natalia KOLESNIKOVA / AFP)
A Russian national tricolor flag flutters on a tourist boat as another boat passes by along the Moskva river in central Moscow on July 18, 2024. (Photo by Natalia KOLESNIKOVA / AFP)

Russia increased imports tariffs for consumer goods, including candies, biscuits and shampoo, produced in countries that support sanctions against Moscow, according to a government order published late on Friday.

Russian imports from nations that imposed sanctions against Moscow over its military conflict with Ukraine slumped in 2022.

Some Western producers stopped selling to Russia, but Moscow has found roundabout ways to keep goods coming, including a grey imports scheme, and plenty of foreign goods remain on store shelves.

According to the order, the tariffs for perfume, cosmetics and shampoo from Poland, for example, will amount to 35% of the customs value. Duties for wallpapers from Lithuania, Latvia and Estonia will rise to 50%.

The new tariffs will be in place until and including Dec. 31 2024 and take effect seven days after publication.