![CORRECTED-UPDATE 2-China strikes back at U.S. with new tariffs on $75 bln in goods]( "CORRECTED-UPDATE 2-China strikes back at U.S. with new tariffs on $75 bln in goods")
China said on Friday it will impose retaliatory tariffs against about $75 billion worth of U.S. goods, putting as much as an extra 10% on top of existing rates in the dispute between the world’s top two economies. The latest salvo from China comes after the United States unveiled tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, scheduled to go into effect in two stages on Sept. 1 and Dec. 15. China will impose additional tariffs of 5% or 10% on a total of 5,078 products originating from the United States including agricultural products such as soybeans, crude oil and small aircraft.
Source: yahoo.com/news
