CHINA - The Chinese State Council's commission on tariffs and customs said in an online statement that a 25 percent tariff will take effect July 6 on agriculture products, automobiles and "aquatic products." The tariffs counter the United States Trade Representative's announcement earlier on Friday that the US will initially impose an additional 25 percent tariff on 818 Chinese imports worth about $34 billion on July 6.
In a quick response to US tariffs, Beijing announced on Friday its own duties on American products, including the politically sensitive areas of agriculture products and automobiles. The Chinese State Council's commission on tariffs and customs said in an online statement that a 25 percent tariff will take effect July 6 on $34 billion of US goods.
The list includes soybeans, electric vehicles, a range of hybrid electric vehicles, a variety of seafood and pork, according to the Ministry of Commerce. Duties on an additional $16 billion worth of goods from China will need to undergo public review. If approved, that would bring the total to $50 billion worth of Chinese goods.