China ready with additional tariffs

New duties to target different products, industries if US escalates trade friction

China is ready to levy differentiated additional tariffs on about $60 billion of imports from the United States, if the latter further escalates trade frictions, the Customs Tariff Commission of the State Council announced late on Friday. China is ready to levy differentiated additional tariffs on about $60 billion of imports from the United States, if the latter further escalates trade frictions, the Customs Tariff Commission of the State Council announced late on Friday.

China plans to slap additional tariffs on 5,207 categories of US products with four levels of tariff rates - 25 percent, 20 percent, 10 percent and 5 percent. These tariffs will become effective if the US further hinders bilateral trade by renewing tariffs on more Chinese products, the commission said in a statement.