China imposes tariffs on $75-billion US goods including crude oil

China on Sunday started to impose additional tariffs on some of the U.S. goods on a $75-billion target list, with effect from 4:01 a.m. GMT.

The extra 5% and 10% tariffs were levied on 1,717 items of a total of 5,078 products originating from the United States. Beijing will start collecting additional tariffs on the rest of the items from Dec. 15.

Beijing started levying a 5% tariff on U.S. crude oil from Sunday, the first time U.S. oil has been targeted since the world’s two largest economies started their trade war more than a year ago.

www.cnbc.com/2019/09/01/china-starts-to-impose-additional-tariffs-on-some-us-goods.html

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