China Slaps $16 billion In Tariffs On U.S. Goods

World News – China struck back Wednesday at the U.S. with $16 billion in retaliatory tariffs, exactly matching President Donald Trump’s latest escalation in the ongoing international trade war.
The Chinese Ministry of Commerce declared a 25 percent levy on the U.S. goods, which include coal, crude oil, automobiles, motorcycles, and metal scrap.
The move follows the U.S. Trade Representative’s office publishing its finalized list on $16 billion in Chinese goods, effective August 23. That comes on top of $34 billion in tariffs against China already in effect, bringing the total to $50 billion.
The White House has also released a list of $200 billion tariffs under consideration, with Trump saying he could go after the entire $500 billion worth of goods the U.S. imports from China annually.
Wednesday’s response

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