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In a tit-for-tat action, China slaps additional tariffs on $50 billion worth of US goods: All you need to know
The trade war between the two countries escalated after US President Donald Trump on Friday announced 25 per cent tariff on $ 50 billion worth of Chinese goods as he also went on to accuse China of intellectual property theft and unfair trade practices.

  China on Saturday announced its decision to impose additional tariffs on American products worth $50 billion, in response to the United States’ declaration of levying 25 per cent duties on Chinese goods, a day earlier. The trade war between the two countries escalated after US President Donald Trump on Friday announced 25 per cent tariff on $ 50 billion worth of Chinese goods as he also went on to accuse China of intellectual property theft and unfair trade practices.

According to the state media, Xinhua, the Chinese government imposed additional duties of 25 per cent on 659 items of American products, while also revealed a list of items which will be subjected to additional tariffs. Out of the 659 items, tariffs on 545 items worth about $ 34 billion including agricultural products, vehicles and aquatic products will be effective from July 6, 2018, while the date for implementation of tariffs on remaining 114 items, which include chemical products, medical equipment and energy products, will be declared later, Reuters reported China’s Customs Tariffs commission as saying.
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