China said it would levy an additional 25 percent tariff on imports of 106 US products including soybeans, automobiles, chemicals and aircraft, in response to proposed American duties on its high-tech goods.
Matching the scale of proposed US tariffs announced the previous day, the Ministry of Commerce in Beijing said the charges will apply to around $50 billion of US imports. Officials signaled that the implementation of the proposed measures will depend on when the US applies its own after a period of public consultation.
The step ratchets up tension in a brewing trade war between the world’s two largest