China plans to slap new tariffs on $75 billion worth of American products as retaliation against President Trump’s latest round of duties in the latest escalation of the trade war between Washington and Beijing.
The Chinese government said Friday it would impose additional tariffs of 5% and 10% on American goods, which will come Sept. 1 and Dec. 15. Beijing also plans to slap a 25% tariff on American automobiles and a 5% duty on auto parts, starting mid-December.
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