China begins new tariffs on 128 U.S. products


China announced to impose new tariffs on 128 imports from the United States starting Monday in response to the new U.S. tariffs on steel and aluminium that took effect a week ago.

The Customs Tariff Commission of the State Council decided to impose a tariff of 15 percent on 120 items of products including fruits from the U.S. and a tariff of 25 percent on eight items, including pork, from the U.S., according to a statement posted on Sunday on the Ministry of Finance website.

The commission, headed by former finance minister Xiao Jie, said the tariffs are aimed at safeguarding China's interests and balancing the losses caused to China by the new U.S. tariffs on steel and aluminium imports.