China fires back at US with extra tariffs
China is slapping additional import tariffs of 25 per cent on $US16 billion ($A22 billion) worth of US goods as the world's two largest economies escalate their trade dispute.
The tariffs will apply to goods ranging from oil and steel products to autos and medical equipment, China's commerce ministry said.
"This is a very unreasonable practice," the commerce ministry said on its website www.mofcom.gov.cn, responding to the United States' decision to slap 25 per cent tariffs on another $US16 billion of Chinese goods on August 23.
The announcement came hours after the US announced it will impose 25 per cent duties on the same amount of Chinese goods, starting on the same date.
It is the second round of duties imposed by the countries as Washington and Beijing exchange tit-for-tat measures in an escalating trade war.
Back to Breaking News