HOUSTON (ICIS)--China said on Wednesday that it will begin imposing 25% tariffs on $16bn of US goods starting 23 August.

The announcement from China’s Ministry of Commerce came a day after the US finalised its second list, on which $16bn of Chinese goods will be assessed 25% tariffs starting 23 August.

China’s list of $16bn of US goods include oil products and petrochemicals. (Read more here...)