China to retaliate with new tariffs on another $75 billion worth of US goods, including autos

China said Friday that it will impose new tariffs on $75 billion worth of U.S. goods and resume duties on American autos.

The State Council's Customs Tariff Commission said it decided to slap tariffs ranging from 5% to 10% on $75 billion U.S. goods, in two batches effective on Sep. 1 and Dec. 15.

It also said a 25% tariff will be imposed on U.S. cars and a 5% on auto parts, which will go into effect on Dec.15.

https://www.cnbc.com/2019/08/23/china-to-retaliate-with-new-tariffs-on-another-75-billion-worth-of-us-goods.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

Submitted August 23, 2019 at 06:18AM by NineteenEighty9
via https://ift.tt/2NsoFxq

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