China has unveiled retaliatory tariffs against about $75 billion worth of US goods, putting an additional 10 per cent on top of existing rates in the latest tit-for-tat exchange in a protracted dispute between the world's top two economies.s, including consumer electronics, scheduled to go into effect in two stages on September 1 and December 15.
"China's decision to implement additional tariffs was forced by the US's unilateralism and protectionism," the Chinese ministry said in a statement, adding that its retaliatory tariffs would also take effect in two stages on September 1 and December 15.US equity index futures fell on the news of China's tariffs, pointing to opening losses on Wall Street.
White House trade adviser Peter Navarro told Fox Business News separately that trade negotiations with China would still go on behind closed doors.More to come
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