China to levy reciprocal tariffs on 106 US products – State media

China’s state media is out with the latest headlines on China’s retaliatory measures to the US trade tariffs on the country’s imports.

Main Headlines:

 China to levy reciprocal tariffs on 106 US products.

Plans 25% tariff on US soybeans.

New tariffs to also impact autos, chemicals.

The effective date for new tariffs to be announced at a later time.

Reciprocal tariffs to amount to $50 billion of US goods.

Also planning reciprocal 25% tariff on US aircraft also.

Reciprocal tariffs to also include US corn, cotton, some beef products.

Also to include orange juice, wheat, certain plastic products, some tobacco products.