BEIJING, June 16 (Reuters) – China will impose additional 25 percent tariffs on 659 U.S. goods worth $50 billion in response to the U.S. announcement that it will levy tariffs on Chinese imports, the Chinese commerce ministry said.

Tariffs on $34 billion of U.S. goods including agricultural products such as soybeans will take effect from July 6, the ministry said. Soybeans are China’s biggest import from the United States by value.

The tariffs will also be applied to autos and aquatic products, the ministry said.

via China to impose 25 percent tariffs on 659 US goods worth $50 billion – AOL News

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China to impose 25 percent tariffs on 659 US goods worth $50 billion – AOL News

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