Breaking: China Retaliates with Tariffs on Another $75 Billion of U.S. Goods


Here we go again.

Any hopes for a trade war resolution may have just faded.

In fact, just this morning, China announced plans to raise tariffs on more U.S. imports.

"New tariff rates will apply to about $75 billion worth of US goods," China said. "New tariff rates imposed on some US goods will be ranging from 5% to 10% and will take effect on September 1 and December 15."

China also noted a 25% tariff will be imposed on U.S. cars and a 5% on auto parts, which will go into effect on D...

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