China imposes additional tariffs on US goods

China is imposing additional import tariffs of 25 per cent on another $16 billion worth of US goods as the 'trade war' between the world's two largest economies escalates. China's Commerce Ministry says the tariffs will apply to goods ranging from oil and steel products to automobiles and medical equipment, hours after the US announced it will impose 25 per cent duties on the same amount of Chinese goods. It is the second round of duties imposed by the countries as Washington and Beijing exchange blows in an intensifying trade dispute.