China Announces New Tariffs On US Goods

China says it's rolling out new tariffs on US meat, fruit and other products as retaliation against taxes approved by President Donald Trump on imported steel and aluminum.

The Chinese finance ministry said in a statement that the new tariffs begin on Monday.

The announcement follows through on warnings Chinese officials have made for several weeks in an escalating trade dispute with the United States.

China's Customs Tariff Commission is increasing the tariff rate on eight imported US products, including pork, by 25 percent. It's also imposing a new 15 percent tariff on 120 imported US commodities, including fruits.

The tariffs mirror Trump's 25 percent charge on imported steel and 15 percent hike on aluminum. Trump's tariffs are partly a response to complaints that Beijing steals or pressures foreign companies to hand over technology. (AP)