China to hit US with tariffs on US imports worth $16bn

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Bags of imported chemicals at a port in Zhangjiagang in China
China's commerce ministry has announced that it will start imposing 25% import duties targeting $16bn ([/img]

For its part, China has threatened to ratchet up the tit-for-tat trade war by slapping tariffs on another $60bn of American imports. At the same time, Beijing reported a $28.1bn trade surplus with the US in July, just below the record $28.9bn seen in June. But it was 11% higher than in the same month last year.
US President Donald Trump started announcing new tariffs on imports in January as part of an attempt to negotiate what he called "fair, bilateral trade deals that bring jobs and industry back onto American shores".The first tariffs were imposed in March and China responded in April. So far, despite the rhetoric, only $37bn worth of imports into China and the US have actually been affected.However, President Trump is also engaged in trade disputes with other countries, such as Canada and Mexico, and has imposed separate tariffs on items that include steel and aluminium, washing machines and solar panels.
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