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China to slap additional tariffs on $16 bln worth of U.S. goods

China to slap additional tariffs on $16 bln worth of U.S. goods



2018-08-10T15:00:01+0000

The tariffs will be activated on August 23rd, the same day the U.S. plans to begin collecting 25 per cent extra in tariffs on $16 billion of Chinese goods.

China is slapping additional import tariffs of 25 percent on $16 billion worth of U.S. goods ranging from oil and steel products to autos and medical equipment, the commerce ministry said, as the world's two largest economies escalate their trade dispute. "This is a very unreasonable practice



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