BEIJING (Apr 2): China has slapped extra tariffs of up to 25% on 128 US products including frozen pork, as well as on wine and certain fruits and nuts, in response to US duties on imports of aluminium and steel, China’s finance ministry said.

The list of tariffs, to take effect on Monday, was released late on Sunday and matches a list of potential tariffs on up to US$3 billion ($3.9 billion) in US goods published by China on March 23.

China has imposed the tariffs amid escalating trade tension between Beijing and Washington.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook