China to impose retaliatory tariffs on $75 bn of US imports: Government

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China says it will hit US imports worth $75 billion with new tariffs starting September 1 and December 15, as retaliation for Washington’s planned tariff hikes in a bruising trade war.

The punitive tariffs will range from 5 percent to 10 percent on 5,078 items from the US, China’s state council tariff office announced on Friday. Beijing also announced it will impose a 25 percent tariff on US autos and a five percent tariff on auto parts starting December 15. China had lifted punitive tariffs on American cars and auto parts earlier this year as a goodwill measure while trade talks were underway. The tariff hikes by the US “have led to the continuous escalation of China-US economic and trade frictions, violating the consensus reached by the two heads of state in Argentina and the consensus reached in Osaka,” China’s State Council Tariff Commission Office said in a statement.

US President Donald Trump has imposed steep tariffs on $250 billion in Chinese goods, with a further $300 billion in imports targeted for new duties in two more rounds, September 1 and December 15.

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