Singapore — China announced Tuesday retaliatory tariffs on an additional $60 billion worth of US imports that included a 10% tariff on LNG, effective September 24, but Beijing kept crude oil off its latest list of products incurring charges.
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The Chinese Ministry of Commerce's list imposed a 10% additional tariff on 3,571 US items, including LNG, and a 5% additional tariff on 1,636 US products -- all effective September 24.
LNG does not attract a tariff currently.
The latest tit-for-tat escalation in the trade war between the two countries came after the US said Monday it would implement a 10% tariff on an additional $200 billion worth of Chinese imports from September 24, and will further lift the duty to 25% January 1.
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