China to Impose 10%, 5% Extra Tariffs on $75 Billion Worth of US Imports
China imposed on Friday a new batch of 10 and 5 percent tariffs on 75 billion dollar worth of US imports starting from September 1 and December 15 respectively, Sputnik News reports.
The list of goods that fall under the tariffs includes agricultural products, crude oil, small aircraft and cars.
The decision comes as US President Donald Trump said on Wednesday that he was "the chosen one" to punish China for years of "trade cheating".
Earlier in the month, however, the US president decided to postpone another round of tariffs on some Chinese imports to avoid hurting US shoppers ahead of the Christmas holiday season.
Washington and Beijing have been engaged in a trade conflict for over a year after Trump announced tariffs on $50 billion worth of Chinese imports justifying the move by the need to balance the trade deficit. Since then, the two countries have introduced several rounds of reciprocal tariffs.
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