China says it's rolling out new tariffs on US meat, fruit and other products as retaliation against taxes approved by President Donald Trump on imported steel and aluminum.
The Chinese finance ministry says in a statement that the new tariffs begin today. The announcement follows warnings Chinese officials have made for several weeks in an escalating trade dispute with the United States.
China's Customs Tariff Commission is increasing the tariff rate on eight imported US products, including pork, by 25 per cent. It's also imposing a new 15 percent tariff on 120 imported US commodities, including fruits.
The White House didn't immediately respond to a message from The Associated Press seeking comment.
The tariffs mirror Trump's 25 per cent charge on imported steel and 15 per cent hike on aluminum. Trump's tariffs are partly a response to complaints that Beijing steals or pressures foreign companies to hand over technology.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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