China’s State Council announced (August 23) that it will impose tariffs of 5% and 10% Chinese tariffs on $75 billion in U.S. goods. It will be imposed in two batches, on September 1 and December 15, the same dates U.S. tariffs go into effect.The Chinese tariffs are on what amounts to roughly the remaining U.S. imports it has yet to imposes punitive taxes on. It will also impose tariffs on U.S. vehicles and car parts. Items China plans to impose tariffs on include agricultural products, apparel, chemicals and textiles. 

(Comment: U.S. stocks fell after China announced the retaliatory tariffs. China imports less than the U.S. does from it, so its ability to impose tariffs is limited.)