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China to slap additional tariffs on $16 billion worth of U.S. goods

China to slap additional tariffs on $16 billion worth of U.S. goods
FILE PHOTO: A paramilitary policeman gestures under a pole with security cameras, U.S. and China's flags near the Forbidden City ahead of the visit by U.S. President Donald Trump to Beijing, China November 8, 2017. REUTERS/Damir Sagolj/File Photo   -   Copyright  Damir Sagolj(Reuters)
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HONGKONG (Reuters) – China is slapping additional import tariffs of 25 percent on $16 billion (£12.4 billion) worth of U.S. goods ranging from oil and steel products to autos and medical equipment, the commerce ministry said, as the world’s two largest economies escalate their trade dispute.

“This is a very unreasonable practise,” the commerce ministry said on its website www.mofcom.gov.cn, responding to the United States’ decision to slap 25 percent tariffs on another $16 billion of Chinese goods on Aug 23.

(Reporting by Lee Chyen Yee in Singapore and Twinnie Siu in Hong Kong; Editing by Clarence Fernandez)

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