China puts $75bn of retaliatory tariffs on US goods

Move puts additional 5% and 10% on imports in latest tit-for-tat between top two economies

China has unveiled retaliatory tariffs against about $75bn (60bn) worth of US goods, putting up to 10% on top of existing rates in the latest tit-for-tat in the dispute between the world's top two economies.

The salvo from China on Friday comes after the US unveiled tariffs on an additional $300bn of Chinese goods, including consumer electronics, scheduled to go into effect in two stages on 1 September and 15 December.

US President Donald Trump Trump has often repeated that China pays for US tariffs on its goods. 'We have billions of dollars coming into our treasury from China. We never had 10 cents coming into our treasury; now we have billions coming in' he said on 24 January 2019. On 5 May he tweeted: 'For 10 months, China has been paying Tariffs to the USA.'