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China Hits Back at Trump With Higher Tariffs on Soy, Autos

  • Retaliation to take effect in two stages in Sept. and Dec.
  • Will resume 25% tariffs on U.S. automobiles from Dec. 15
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China Retaliates With Tariffs on $75 Billion of U.S. Goods
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China threatened to impose additional tariffs on $75 billion of American goods including soybeans, automobiles and oil, in retaliation for President Donald Trump’s latest planned levies on Chinese imports that pushed U.S. stocks and farm commodities lower.