The new set of measures are the second tranche of tariffs that President Donald Trump originally announced in March, following tariffs imposed on $34 billion worth of Chinese imports that went into effect in early July.
While trade tensions are being ratcheting up, China's trade surplus with the USA stood at US$28.1 billion in July, close to the record-high in June, data released Wednesday showed.
Still, disagreements between the two major economic powers run deeper than just the trade balance and tensions remain over market access, intellectual property, technology transfer and investment.
Washington already imposed tariffs on $34 billion in Chinese products on July 6. Washington applied a 25% tariff on Chinese imports including airplane tires and various industrial parts.
The United States and China trade goods and services worth about $650 billion each year, the largest trading relationship in the world between two countries.
China's commerce ministry has announced that it will start imposing 25 percent import duties targeting $US16 billion ($NZ17.779bn) worth of U.S. goods.
A US-China trade war will reduce global output by 0.7% by 2020, with China's economy taking a 1.3% hit and US GDP dropping 1%, Oxford Economics said in a research note on Tuesday, before the new list was released.
China's surplus with the United States shrank marginally to $28.09 billion last month from a record $28.97 billion in June.
But China exports far more to the United States than the other way round, making it more challenging for the country to hit back against USA tariffs.
The worry is that the escalating Sino-US trade war, rising corporate bankruptcies, and a steep decline in the value of the yuan versus the dollar could put a significant dent on the economy. China's exports to the USA fell by 2.5 percent to $41.5 billion month-on-month, while imports of United States goods plunged 1.5 percent to $13.4 billion, according to data from General Administration of Customs on Wednesday, as quoted by the media.
U.S. president Donald Trump has threatened to target all $500bn of Chinese imports.
The latest charge comes after the US said it would implement another round of tariffs on $16 billion worth of Chinese goods.
A spokeswoman for the U.S. Trade Representative's office could not immediately be reached for comment on China's retaliation announcement or whether this would trigger Trump's next round of threatened tariffs on $200 billion worth of Chinese goods.
Jubeir added that Saudi Arabia was "considering additional measures" against Canada, without elaborating. Saudia Airlines has also announced it will suspend flights to and from Canada starting August 13.
In December 2004, a massive magnitude 9.1 quake off Sumatra triggered a tsunami that killed 230,000 people in a dozen countries. A man looks on around the buildings damaged by an natural disaster at Pamenang village, in North Lombok.
That's because the EU is trying to protect European businesses that are trading in Iran from facing USA sanctions. Trump responded by noting that Iran could face serious consequences if it threatened the United States.
MacLaren and Pratt will still remain attached to the project, with Chopra staying on if the scheduling ultimately works out. He already has Jurassic World with Universal , which released Fallen Kingdom this summer to huge box office numbers.
Beijing is expected to hit $16 billion worth of USA goods with equal tariffs in response to Tuesday's move. The plan will impose a 25 percent tax on an additional $16 billion in Chinese goods starting August 23.
Samsung today announces a more affordable variant to its $1,499 4TB solid state drives , presenting the 4TB QLC SSDs. Samsung claims its drive will be the "industry's first 4-bit consumer SSD ", but we'll have to see about that.
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This will be the first time Nick Fury and Maria Hill have encountered Spider-Man in the Marvel Cinematic Universe. The film is also the Marvel debut of Jake Gyllenhaal , who will play the big bad villain, Mysterio in the film.
Customs will begin collecting the duties on 279 product lines, down from 284 items on the initial list , as of August 23, the U.S. And President Donald Trump has threatened to impose tariffs on virtually everything China sells to the United States.
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