China imposes additional tariffs on U.S. products worth $50 bln

China on Wednesday unveiled a list of products worth 50 billion U.S. dollars imported from the United States that will be subject to higher tariffs, including soy bean, automobiles and chemical products.

The Customs Tariff Commission of the State Council has decided to impose additional tariff of 25 percent on 106 items of products under 14 categories, the Ministry of Finance said in a statement on its website.

The move was taken after the U.S. administration announced a proposed list of products subject to additional tariffs, which covers Chinese exports worth 50 billion dollars with a suggested tariff rate of 25 percent.

The date of implementation will depend on when the U.S. government impose the tariffs on Chinese products, the ministry said.

China condemns U.S. tariff list, vows to retaliate

China denounced a U.S. government announcement on Tuesday listing 1,300 Chinese products subject to tariffs under Section 301 of the U.S. Trade Act of 1974.

U.S. tariff proposals typical unilateralist and protectionist action: spokesman

The United States tariff proposals are "typical unilateralist and protectionist action" and China strongly condemns and firmly opposes such action, Chinese Foreign Ministry spokesman Lu Kang said Wednesday.