China to slap additional tariffs on $16 billion of U.S. goods

FILE PHOTO: A worker packs bottles of soybean oil made from the U.S. imported soybeans at the plant of Liangyou Industry and Trade Co., Ltd in Qufu, Shandong province, China July 4, 2018. REUTERS/Jason Lee/File Photo

BEIJING/WASHINGTON (Reuters) – China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economies escalated their trade dispute. The tariffs will be activated on Aug. 23, the ministry said, the same […]

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