China responds in kind to new levies

China imposed a 25 percent tariff on an additional $16 billion of imports from the United States in response to the latest US duties, leading to a total of $50 billion worth of goods subject to tariffs from each side since early July as US President Donald Trump's administration continues to adopt unilateral trade policies.

China's latest tariff was imposed on Thursday on 333 categories of US products, including coal, bicycles, trucks, engines and chemicals, according to the Customs Tariff Commission of the State Council.

The move comes after Washington levied a 25 percent tariff on $16 billion worth of Chinese products such as semiconductors on Thursday, after first imposing tariffs on $34 billion of Chinese imports including electrical and medical equipment in July.