China will place additional tariffs of 5% or 10% on US imports starting on September 1st, according to a statement posted by China's Finance Ministry.
The United States postponed the implementation of about half of those tariffs, which will cover several categories of Chinese-made consumer goods, until December. They had been due to take effect in September. Trump earlier in day said US companies should move operations from China in response to their tit-for-tat tariffs.
"We know continued retaliation only adds to the difficulties farm and ranch families are facing and takes the situation in the exact wrong direction," the statement said.
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