Beijing's Customs Tariff Commission of the State Council said the tariffs would range from 5 percent to 25 percent. China recently threatened to slap retaliatory tariffs on an additional $60 billion in us goods.
"The US measures are indiscriminately violating the relevant rules and worldwide obligations of the World Trade Organization, further infringing on the legitimate rights and interests enjoyed by China in accordance with the rules of the World Trade Organization, and seriously threatening China's economic interests and security", China's Ministry of Commerce said.
Retaliatory tariffs were necessary, China says, to "defend the dignity of the country and interests of its people" as well as "the mutual interest of all the countries in the world".
China stands poised to impose retaliatory tariffs on $60 billion worth of US imports, including coffee, honey and industrial chemicals, if Washington goes ahead with its latest trade threat.
President Trump vowed Saturday to continue imposing tariffs as a central part of his economic agenda and called his critics "fools", pivoting sharply away from the free-trade message that senior advisers had tried to erect in recent weeks.
But based on the latest trade numbers, released Friday, it appears Trump is falling short of his main goal for trade battles; the U.S. trade deficit is actually heading in the opposite direction. It will be September at the earliest before the US decides whether to impose those tariffs. China market has dropped 27% in the last 4 months, and they are talking to us.
Washington is expected to soon implement more tariffs on $21 billion in additional Chinese goods, which China has already announced it will match immediately. China immediately retaliated by imposing levies on the same amount of United States goods.
China's finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from the United States, with the extra levies ranging from 5 to 25 per cent.
China signaled Friday that it has no intention of retreating from a trade war.
However, a flurry of articles from the Chinese state media stressed the resilience of China's economy, essentially downplaying concerns regarding the impact of the US-China trade war.
"Leading China's economy on a stable and far-reaching path, we have confidence and determination", another commentary in the main edition of the People's Daily said. It is much more rational compared with the 25 percent tariff hikes threatened by the USA. which is a trade "stick", " said Li Yong, a senior research fellow at the China Association of International Trade.
This latest move comes after it emerged Donald Trump's administration is considering hitting £154bn ($200bn) of Chinese imports with additional levies.