China informed that it will impose fresh tariffs on U.S. goods worth $75 billion, the latest salvo in the year-plus trade war between the world’s two largest economies, The Hill reported.
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.
The move comes the same month that President Trump said the U.S. would postpone tariffs on several consumer-related goods that were slated to take effect Sept. 1. Those tariffs were pushed back to Dec. 15 in an effort to shield American consumers from the effects of the trade war heading into the holiday shopping season.
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