China strikes back, $75B in tariffs on U.S. goods
WASHINGTON (AP) - China is putting into place tariffs on $75 billion in U.S. products in retaliation for the Trump administration's latest planned tariff hikes.
China said Friday that it will also increase import duties on U.S.-made autos and auto parts. The retaliation pulled global markets into negative territory Tariffs of 10% and 5% will take effect on two batches of goods on Sept. 1 and Dec. 15.
Beijing gave no details of what goods would be affected but the timing matches Trump's planned hikes.