China announced to impose new tariffs on US imports

China announced to impose new tariffs on US imports. China will hit US imports worth $75 billion with new tariffs starting September 1 and December 15. Moreover, it is  in retaliation of planned tariff increases by US. These tariffs will range from 5% to 10% on 5,078 items from the US. Beijing also announced to impose a 25 percent tariff on US autos. And a 5 percent tariff on auto parts will also be imposed starting December 15.

china will impose new tarriffs on US

Although, China lifted tariffs on US cars and auto parts earlier this year as a goodwill measure during the trade talks. But US President Donald Trump imposed tariffs on  Chinese goods worth $250 billion, with a further $300 billion in imports targeted for new duties in two more rounds, September 1 and December 15.

Source: geotv.com

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