China to impose new tariffs on US imports worth 75 billion dollars

UNITED STATES, WASHINGTON (VOP TODAY NEWS) — China said Friday it will impose tariffs on US imports worth 75 billion dollars from September 1 and December 15, in response to Washington’s plans to increase tariffs as part of a sharp trade dispute.

The new tariffs will range from 5 to 10 percent on 5,078 goods China imports from the United States, according to the State Customs Office of the State Council.

China also announced it would impose 25 percent tariffs on US cars and 5 percent on auto parts as of December 15.

China abolished tariffs on US cars and parts earlier this year as a goodwill gesture during trade talks.

The increase in US-imposed tariffs “has further exacerbated economic and trade tensions between China and the United States, in violation of the agreement of the two heads of state in Argentina and the consensus reached in Osaka,” the Chinese customs office said in a statement.

US President Donald Trump has imposed duties on $ 250 billion of Chinese goods, and plans to impose more on $ 300 billion of imported goods, which will begin in two phases on September 1 and December 15.

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