Beijing (CNN)China on Friday unveiled tariffs on another $75 billion worth of US goods, the latest escalation in the trade war between the two countries. The additional tariffs of 5% or 10% will be levied on 5,078 products, including soybeans, coffee, whiskey, seafood and crude oil.

China’s Finance Ministry said the tariffs will roll out in two phases, the first beginning next month. Tariff List 1 — effective September 1 :Part 1: 270 items will be imposed with a 10% tariff, including seafood, fish, crab, shrimp, fruit, nutsPart 2: 646 items will be imposed with a 10% tariff, including: beef, chicken, potato, wheat, soybean, TCM, steelPart 3: 64 items will be imposed with a 5% tariff, including: creamPart 4: 737 items will be imposed with a 5% tariff, including: turkey, chemicals Tariff List 2 — effective December 15:Read MorePart 1: 749 items will be imposed with a 10% tariff, including: coffee, corn, caviar, chemicals, cars, buses, scooters, bikesPart 2: 163 items will be imposed with a 10% tariff, including: cars, motorcycles Part 3: 634 items will be imposed with a 5% tariff, including: whiskey and cigars Part 4: 1815 items will be imposed with a 5% tariff, including: wood, floors, doors, clothing, CDs, TVs, lights, automobile parts, pens

Source Link:
https://www.cnn.com/2019/08/23/business/china-tariff-products-soybeans-oil/index.html

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