China announces tariffs on $75 billion of US goods as Trump heads to G7 summit

Just as President Donald Trump was preparing to meet world leaders to discuss the global economy and his trade wars, China on Friday announced it would impose tariffs on $75 billion worth of U.S. imports in retaliation for duty hikes the United States pledged to slap on Chinese imports starting next month.

China said that it would impose its new penalties on two batches of goods, on Sep. 1 and Dec. 15, according to official Chinese news agency Xinhua. It said 5,078 American products would see duty hikes of 5 or 10%, and that on Dec. 15, it would hit"American-made vehicles and auto parts" with tariffs of 5 or 25%, according to Xinhua.

Those nations' leaders are scheduled to attend a meeting on the global economy on Sunday morning -- a session added at the last minute at the United States' request, according to a senior U.S. administration official. After Trump first said earlier this week he was considering a payroll tax cut, he reversed himself and nixed that idea the next day. He has also floated indexing and a capital gains tax cut.

dontbeinsane_ Again sending trump to the G7 is like sending a plumber to a heart surgery symposium.

So much for winning..

NEW: U.S. Chamber of Commerce responds: 'Nobody wins a trade war, and the continued tit-for-tat escalation between the U.S. and China is putting significant strain on the U.S. economy, raising costs, undermining investment, and roiling markets.'

now trumpgoofyass will hit back with more neverending tariffs. inevitable supergreatrecession. here coming the job losses.

What a giant JOKE america has become.

Will this also make tRump's China imported pee colored wig or hair dye more expensive? 😢😢😢

Trump, 'Make America Notorious Again!' Welcome to the Reality Television world in the White House with its reality television star president! The obnoxious loud mouth, the King of the Twitter age, Trump turned the White House into the Orange House!

World leaders at the G7 should get up leave when trump appears

And the moron in the White House will yell that China is paying for it and his base will believe it

Yeah, but the Chinese people pay those, so we good, right? Right?

Thought this was saying China is sending us giant rubik’s cubes

This clown tRump will ruin the US.

realDonaldTrump is incapable of discussing any issue, especially global economy. DonaldTrump's mission is to bankrupt America first. CNN MSNBC NBCNews CBSNews nytimes MaddowBlog

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