China slaps retaliatory tariffs on $75 billion US goods
According to the Customs Tariff Commission of the State Council, tariffs ranging between 5% and 10% on $75 billion US goods will come into effect in two batches on September 1 and December 15 this year. The list of goods was undisclosed at the time of publication, meanwhile.
China will also resume imposing additional tariffs of 25% and 5% on US vehicles and auto parts, starting from December 15.
Earlier this month, the US administration had decided to delay the additional tariffs on some of the $300 billion worth of Chinese-made goods, such as cell phones, footwear, and clothing, until December 15 so as not to hamper Christmas shopping.
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