China matches Trump tariffs

Starting July 6, China will place 25 percent tariffs on $34 billion of U.S. goods including automobiles, agricultural products and machinery, however consumer goods will not be targeted. The announcement comes in retaliation to the Trump administration announcing tariffs on $34 billion of Chinese goods, spanning across 818 different imports. Also, an additional $16 billion of tariffs on Chinese goods will soon undergo public review, according to the U.S. Trade Representative.

In response, Chinese Commerce Ministry declared the country would “introduce taxation measures of the same scale and the same strength.”

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