The updated tariff list, published by the Ministry of Finance on Wednesday, will slap 25 per cent duties on 333 products instead of the initial 114 identified in mid-June, keeping the total value of the goods unchanged.
The new list removed some imports, including crude oil, from the crossfire. Instead, a vast array of vehicles, scraps and recyclables, petrochemicals, and medical equipment were added to the list, in a move that analysts say will inflict more pain.
The latest measures were a tit-for-tat response to US tariffs on US$16 billion of Chinese goods that were finalised by Washington on Tuesday, with both sides ready to impose the new duties on August 23 in a further intensification of the bitter trade war between the world’s largest economies.
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