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Title : Trade war Escalates. China Imposes New Tariffs On $75 Billion Of U.S. Goods
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Trade war Escalates. China Imposes New Tariffs On $75 Billion Of U.S. Goods

SCMP: China announces fresh tariffs on US$75 billion of US products

* Beijing to raise tariffs on items originating in the US from 5 per cent to 10 per cent in two batches

China announced on Friday it will impose as much 10 per cent on US$75 billion worth of US products following US President Donald Trump’s threats to impose new tariffs on Chinese imports next month, state media reported.

China said it would raise tariffs on items originating in the US from 5 per cent to 10 per cent, and the new tariffs will be implemented in two batches from September 1 and December 15. The duties are in retaliation for the US government’s 10 per cent tariff on US$300 billion worth of Chinese goods.

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WNU Editor: Expect a rough day on the markets.

More News On China Imposing New Tariffs On U.S. Goods

China announces tariff hike on $75 billion of US products -- AP
China strikes back in trade dispute with U.S. with new tariffs -- Reuters
China Hits U.S. With Higher Tariffs on Soybeans, Cars, Oil -- Bloomberg
China hits U.S. with tariffs on $75 billion worth of goods, reinstates auto levies, state media report -- The Washington Post
China retaliates against the US with tariffs on $75B worth of American goods -- USA Today
Trade war: China slaps tariffs on $75B of U.S. goods -- Fox News

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