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China imposes new tariffs on $60 billion of US goods: report

China imposes new tariffs on $60 billion of US goods: report

China's Commerce Ministry announced Tuesday that it is implementing new tariffs on $60 billion of U.S. goods starting Sept. 24, according to Reuters.

The move comes in response to new tariffs put in place Monday by the White House on $200 billion of Chinese imports, with implementation slated for Sept. 24. Those tariffs will begin at 10 percent and then increase to 25 percent at the end of the year.

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The U.S. tariffs on Chinese imports cover a wide range of goods such as fish, vegetables, nuts, grains, orange juice and metals including titanium and uranium.

President TrumpDonald TrumpNoem touts South Dakota coronavirus response, knocks lockdowns in CPAC speech On The Trail: Cuomo and Newsom — a story of two embattled governors McCarthy: 'I would bet my house' GOP takes back lower chamber in 2022 MORE had previously threatened an additional round of tariffs on $267 billion of Chinese goods if Beijing responded to the most recent U.S. round announced on Monday. A third round of tariffs has the potential to more than cover the entirety of China's exports to the United States.

"China has had many opportunities to fully address our concerns," Trump said a statement Monday. "Once again, I urge China’s leaders to take swift action to end their country’s unfair trade practices. Hopefully, this trade situation will be resolved, in the end, by myself and President Xi of China, for whom I have great respect and affection."

Commerce Secretary Wilbur RossWilbur Louis RossFormer Trump officials find tough job market On The Money: Retail sales drop in latest sign of weakening economy | Fast-food workers strike for minimum wage | US officials raise concerns over Mexico's handling of energy permits US officials raise concerns over Mexico's handling of energy permits MORE said Tuesday that the administration's goal is to get China to change its trade practices.

“The purpose of the tariffs is to modify China’s behavior, especially in technology transfers and other abuse of tactics such as subsidies and market limitations," Ross said on CNBC. "The real purpose is not to end up with tariffs. The real purpose is to end up with a level playing field so that American firms can compete properly.”

The White House’s trade policies have not been met with praise in Washington.

“Any time tariffs are imposed I worry that Americans will be forced to pay extra costs — in this case on nearly half of U.S. imports from China," House Ways and Means Committee Chairman Kevin BradyKevin Patrick BradyBiden nominee previews post-Trump trade agenda New CDC guidance ends up deepening debate over reopening schools McCarthy seeks shift from party's civil war MORE (R-Texas) said Monday.

Republicans are concerned that the trade war will hurt their message of a strong economy heading into the November midterm elections. Several Democratic senators running in agricultural states that Trump won in 2016 could be buoyed by dissatisfaction with the administration’s trade policies.

Updated at 10:10 a.m.