China Retaliates With New Tariffs on $75 Billion of US Products

China Retaliates With New Tariffs on $75 Billion of US Products
A U.S. flag on an embassy car is seen outside a hotel near a construction site in Shanghai, China on July 31, 2019. Aly Song/Reuters
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BEIJING—China unveiled on Aug. 23 retaliatory tariffs against about $75 billion worth of U.S. goods, putting an additional 10 percent on top of existing rates in the latest tit-for-tat exchange in a protracted dispute between the world’s top two economies.

The latest salvo from China comes after the United States unveiled tariffs on an additional $300 billion worth of Chinese goods, including consumer electronics, scheduled to go into effect in two stages on Sept. 1 and Dec. 15.