July 6, 2018 / 8:32 AM / 14 days ago

China says retaliatory tariffs on U.S. goods took effect at 12:01 p.m.

BEIJING (Reuters) - China’s retaliatory tariffs on $34 billion worth of U.S. goods took effect at 12:01 p.m. in Beijing (0401 GMT) on Friday, the official Xinhua news agency said, citing the customs office.

FILE PHOTO: Containers are seen unloaded from the Maersk's Triple-E giant container ship Maersk Majestic at the Yangshan Deep Water Port in Shanghai, China, September 24, 2016. REUTERS/Aly Song/File Photo

China’s tariff rate on U.S. goods, at 25 percent, matches Washington’s rate on Chinese goods that took effect on Friday, Xinhua said.

Reporting by Se Young Lee; Editing by Clarence Fernandez

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