China Announces 25% Retaliatory Tariffs on $16 Billion Worth of US Goods

(From CNBC)

China said Wednesday it will retaliate against the latest round of U.S. tariffs on Chinese imports.

The Chinese Ministry of Commerce announced a 25 percent charge on $16 billion worth of U.S. goods. The 333 goods being targeted by China include vehicles such as large passenger cars and motorcycles. Various fuels are on the list, as well as fiber optical cables.

[Editor’s Note: So far the Chinese retaliatory tariffs have not matched the new US tariffs.]

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