China imposed tariffs on 128 US products ranging from wine to oranges in order to “balance the losses” caused by US duties and to protect China’s national interests, according to a commentary on the front page of the official People’s Daily.
Beijing on Monday slapped additional tariffs of up to 25 percent on about $3 billion worth of US products in response to new US duties on aluminum and steel imports.
US producers, Canada and South Korea have been granted exemptions from the aluminum and steel duties, but not China, a relatively small supplier to the United States.
The Chinese tariffs are widely regarded as modest in size. They are seen as a warning shot to the US administration, which will this week unveil a list of Chinese high-tech imports targeted for US duties.