China announced Friday it will impose tariffs on $75 billion worth of U.S. goods, the latest salvo in the year-plus trade war between the world’s two largest economies.
The country’s State Council said tariffs of 5 percent to 10 percent will be imposed on a variety of American goods in two batches, with the first going into effect next month and a second scheduled for December, multiple media outlets reported, citing state-run media.
The second batch of tariffs will reportedly include a 25 percent tariff on all U.S. automobiles.
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