China retaliates with tariffs on $75 billion worth of US goods

12:01 PM ET Fri, 23 Aug 2019

China is imposing new tariffs on $75 billion worth of U.S. goods, the latest move in a trade war that has lasted more than a year and a half. The Chinese State Council said the tariffs will range from 5% to 10%. They'll hit 5,078 U.S. products including soybeans, crude oil and aircraft, according to Reuters.