The retaliation is in line with threats that the country had made to issue tariffs on USA goods essentially matching the amounts of new US tariffs imposed on China. The U.S. trade representative said Thursday they planned to up that 25 percent.
In a statement, the Commerce Ministry said the tariffs would be at rates of 5, 10, 20 and 25 percent.
"The implementation date of the taxation measures will be subject to the actions of the U.S., and China reserves the right to continue to introduce other countermeasures", the Chinese government press release stated.
The move was in reaction to a threat from Washington earlier this week to increase tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent.
On March 1, President Donald Trump announced that the USA would be slapping a 25 percent tariff on all steel imports and a 10 percent tariff on all aluminum imports.
Washington is expected to soon implement more tariffs on $21 billion in additional Chinese goods, which China has already announced it will match immediately.
These taxes come as similar levies on agricultural goods have been imposed by the European Union, Canada and Mexico in retaliation to Mr Trump's tariffs on steel and aluminium. The step is reportedly being considered by the White House in order to narrow the trade deficit between the United States and China.
The Chinese commerce ministry blamed the United States for escalating the situation.
"China has to take necessary countermeasures to defend its dignity and the interests of its people."
The market is not large by value compared with the around $16 billion per year of United States crude that arrives in the country, but those levels could shoot up as Beijing forges ahead with its plan to switch millions ofhouseholds to the fuel away from coal as part of its battle against smog.