China announces new tariffs on $75B in US goods | TheHill

China announces new tariffs on $75B in US goods | TheHill

China announced Friday it will impose tariffs on $75 billion worth of U.S. goods, the latest salvo in the year-plus trade war between the world’s two largest economies.

The country’s State Council said tariffs of 5 percent to 10 percent will be imposed on a variety of American goods in two batches, with the first going into effect next month and a second scheduled for December, multiple media outlets reported, citing state-run media.

The second batch of tariffs will reportedly include a 25 percent tariff on all U.S. automobiles.

via China announces new tariffs on $75B in US goods | TheHill