China starts to impose additional tariffs on some US goods

China starts to impose additional tariffs on some US goods

The extra 5% and 10% tariffs were levied on 1,717 items of a total of 5,078 products originating from the United States.

Beijing also started levying a 5% tariff on US crude oil, the first time US oil has been targeted since the world’s two largest economies started their trade war. (AFP pic)
BEIJING:
China on Sunday started to impose additional tariffs on some of the US goods on a US$75-billion target list, with effect from 0401 GMT.

The extra 5% and 10% tariffs were levied on 1,717 items of a total of 5,078 products originating from the United States. Beijing will start collecting additional tariffs on the rest of the items from Dec 15.

Beijing started levying a 5% tariff on US crude oil from Sunday, the first time US oil has been targeted since the world’s two largest economies started their trade war more than a year ago.

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