The number of product categories subject to tariffs has risen to 333, but the final value is the same (Jason Lee / Reuters)
BEIJING - China will impose additional tariffs of 25 percent over $ 16 billion on imported US goods, from fuel and steel to automobiles and medical equipment, China's Ministry of Commerce said amid escalating trade disputes between the two largest economies in the world.
The tariffs take effect Aug. 23, the ministry said on the same day that the United States plans to start charging a further 25 percent in tariffs on $ 16 billion worth of Chinese products.
The United States has published its final list of products subject to new tariffs the day before.
China's final list, announced on Wednesday, differs from the previous version published in June, which included crude oil. The number of product categories subject to tariffs has risen to 333 from 114 in the June version, although the final figure is the same.
The US action that led to Chinese retaliation was the latest move by President Donald Trump to put pressure on China to negotiate trade concessions after Washington imposed tariffs on $ 34 billion worth of products last month. China has vowed to retaliate against any US lawsuit.
"This is a pretty foolish practice," China's Ministry of Commerce said of US actions on Wednesday, while presenting China's retaliatory tariffs.
To compensate for the space left on the list of tariffs with the exclusion of crude oil, China has added fish meals, waste wood, paper and waste, metal scrap and various types of bicycles and cars among other products.
Last week, China proposed additional tariffs on $ 60 billion worth of US products, after Trump raised the initially planned tariffs by 10 percent over $ 200 billion in imports from China to 25 percent.
So far, China has imposed or proposed the adoption of tariffs on 110 billion dollars in US products, representing the vast majority of American products that it imports annually. High-value US products, such as crude oil and large aircraft, are not yet on any list.
A spokeswoman for the US Trade Representative was not immediately available to comment on China's retaliation announcement or whether it would lead to a new round of tariff threats over 200 billion Chinese products.
The US trade representative conducts a public consultation period for fares by September 5, which may reach 25 percent. It would take a few more weeks to review the list and schedule customs changes to begin charging.
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