The United States has started levying 25-percent tariffs on 16 billion dollars’ worth of Chinese imports, prompting Beijing to start implementing a threat to retaliate with its own levies on American goods.
The US on Thursday began collecting the additional 25-percent duties on 279 Chinese import product categories, including semiconductors, chemicals, plastics, motorbikes, and electric scooters.
Beijing retaliated with its own fresh tariffs on 16 billion dollars’ worth of additional US imports, including fuel, steel products, automobiles, and medical equipment.
The US and China have slapped retaliatory levies on a combined 100 billion dollars’ worth of products from each other since early July, with more in the pipeline.
The Chinese Commerce Ministry said in an online statement that Beijing “resolutely opposes” the latest tariffs by the US and would respond accordingly, adding that China will file a complaint with the World Trade…