BREAKING NEWS

Reuters: China to impose 25 pct tariff on 659 U.S. goods worth $50 bln

BEIJING - China will impose an additional 25 percent tariff on 659 US goods worth $50 billion, the official Xinhua news agency reported on Friday, citing the Tariff Commission of the State Council.
Tariffs on $34 billion of US goods including agricultural products, autos and aquatic goods will take effect from July 6, Xinhua reported, citing the commission.
Tariffs on other US goods will be announced at a later date, according to Xinhua.
The State Council is China's cabinet, or government.
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