China Hits U.S. With Retaliatory Tariffs

China announced Friday it will impose tariffs on $75 billion worth of U.S. goods.

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

The second batch of tariffs will reportedly include a 25 percent tariff on all U.S. automobiles. This comes the same month that President Trump said the U.S. would postpone tariffs that were to take effect September 1. Those tariffs were pushed back to December 15 to prevent the effects of the trade war during the holiday season.

Source: China announces fresh tariffs on $75 billion of U.S. products – POLITICO

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