China Announces Retaliatory Tariffs on US

China will impose tariffs on about $75 billion worth of U.S. goods in retaliation for the coming 10 percent Section 301 tariffs on $300 billion in Chinese goods, China’s State Council said, according to an unofficial translation. China said it will impose either 10 percent or 5 percent tariffs on more than 5,000 U.S. products. The tariffs will be imposed in two separate batches on Sep. 1 and Dec. 15, China said.

The State Council also said it is imposing 25 percent tariffs on cars, as well as 5 percent tariffs on auto parts, beginning Dec. 15. China had announced it would temporarily suspend those additional tariffs as of Jan. 1 as a gesture of good faith in negotiations with the U.S., and had extended the suspension on April 1.