China retaliates with tariffs on $75 billion of US goods - Lebanon news - أخبار لبنان

China retaliates with tariffs on $75 billion of US goods

China retaliates with tariffs on $75 billion of US goods

Beijing (CNN)The US-China trade war ratcheted up yet again on Friday, with Beijing unveiling a new round of retaliatory tariffs on about $75 billion worth of US goods.

China will place tariffs of 5% or 10% on US imports starting on September 1st, according to a statement posted by China’s Finance Ministry.
The Ministry also announced plans to resume tariffs on US imports of automobiles and automobile parts. The tariffs would be 25% or 5%, and would take effect on December 15th.

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