Soybeans, oil among products hit by Chinese tariffs on US

China on Friday unveiled tariffs on another $75 billion worth of US goods, the latest escalation in the trade war between the two countries. The additional tariffs of 5% or 10% will be levied on 5,078 products, including soybeans, coffee, whiskey, seafood and crude oil.

China’s Finance Ministry said the tariffs will roll out in two phases, the first beginning next month.

Tariff List 1 — effective September 1 :

Part 1: 270 items will be imposed with a 10% tariff, including seafood, fish, crab, shrimp, fruit, nuts Part 2: 646 items will be imposed with a 10% tariff, including: beef, chicken, potato, wheat, soybean, TCM, steel Part 3: 64 items will be imposed with a 5% tariff, including: cream Part 4: 737 items will be imposed with a 5% tariff, including: turkey, chemicals

Tariff List 2 — effective December 15:

Part 1: 749 items will be imposed with a 10% tariff, including: coffee, corn, caviar, chemicals, cars, buses, scooters, bikes Part 2: 163 items will be imposed with a 10% tariff, including: cars, motorcycles Part 3: 634 items will be imposed with a 5% tariff, including: whiskey and cigars Part 4: 1815 items will be imposed with a 5% tariff, including: wood, floors, doors, clothing, CDs, TVs, lights, automobile parts, pens