China to impose 25 percent tariff on 659 U.S. goods worth $50 billion: Xinhua

By Kitco News / June 15, 2018 / www.kitco.com / Article Link

BEIJING (Reuters) - China will impose an additional 25 percent tariff on 659 U.S. goods worth $50 billion, the official Xinhua news agency reported on Saturday, citing the Tariff Commission of the State Council.

Tariffs on $34 billion of U.S. goods including agricultural products, autos and aquatic goods will take effect from July 6, Xinhua reported, citing the commission.

Tariffs on other U.S. goods will be announced at a later date, according to Xinhua.

The State Council is China's cabinet, or government.

Reporting by Stella Qiu and Ryan Woo; Editing by Alison Williams

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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