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China hits back at the Trump administration with tariffs on $75 billion worth of US products

Aug 23, 2019, 18:10 IST

Chinese President Xi Jinping and US President Donald Trump at the Great Hall of the People in Beijing, China, in November 2017.Damir Sagolj/Reuters

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  • China on Friday announced plans to retaliate against the Trump administration with new tariffs on roughly $75 billion worth of US products including cars.
  • The tariffs would take effect in two separate batches, on September 1 and December 15.
  • President Donald Trump said this month he would slap tariffs on all remaining imports from China on those dates.
  • Visit Markets Insider for more stories.

China on Friday announced plans to retaliate against the Trump administration with new tariffs on roughly $75 billion worth of US products including cars.

The tariffs would take effect in two separate batches, on September 1 and December 15. That came after President Donald Trump said this month he would slap tariffs on all remaining imports from China on those dates.

The US has since announced it would temporarily halt duties on a portion of those products. But Trump advisers said that move wasn't meant to be a concession to China and was instead meant to shield American shoppers from the effects of tariffs during the holiday shopping season.

"Despite the US decision to delay tariffs on some Chinese goods .... if the United States rides roughshod over China's opposition and impose any new tariffs, China will be forced to adopt retaliatory actions," Ministry of Commerce spokesperson Gao Feng told reporters Thursday.

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