China announces additional tariffs on $50 billion of U.S. goods

the finance ministry said on Wednesday, China will impose additional tariffs of 25 percent on 106 U.S. goods including soybeans, autos, chemicals, some types of aircraft and corn products, among other agricultural goods.

According to a separate statement from the commerce ministry, the products targeted by the tariffs were worth $50 billion in 2017.

The finance ministry said in its statement, extra tariffs will also be slapped on products such as whisky, cigars and tobacco, some types of beef, lubricants, and propane and other plastic products.

The finance ministry said U.S. orange juice, certain sorghum products, cotton, some types of wheat, as well as trucks, some SUVs, certain electric vehicles, will also be subject to the new duties./reuters.com

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