China starts to impose additional tariffs on some US goods
BEIJING (Reuters) – China on Sunday started to impose additional tariffs on some of the US goods on a $75-billion (61 billion pounds) 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.