China slaps 25% tariff on $16 billion worth of U.S. goods

From CNBC:

China said Wednesday it will retaliate against the latest round of U.S. tariffs on Chinese imports.

The Chinese Ministry of Commerce announced a 25 percent charge on $16 billion worth of U.S. goods. The 333 goods being targeted by China include vehicles such as large passenger cars and motorcycles. Various fuels are on the list, as well as fiber optical cables.

China is also going after coal, grease, Vaseline, asphalt and plastic products, and recyclables.

Continue reading at CNBC…

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