Beijing adds 25% to tariffs

Commerce Ministry prefers talks but won't shy away from trade war

China announced on Wednesday a list of US products valued at $50 billion annually that are subject to additional tariffs as a reciprocal trade measure to safeguard its legitimate interests.

The central government will slap a 25 percent tariff on 106 US goods across 14 categories, such as soybeans, automobiles, passenger airplanes and chemicals, the Ministry of Commerce announced on its website.