China to Impose 25% Tariffs on 659 US Goods
China will impose additional 25 percent tariffs on 659 U.S. goods worth $50 billion in response to the U.S. announcement that it will levy tariffs on Chinese imports, the Chinese commerce ministry said.Tariffs on $34 billion of U.S. goods including agricultural products such as soybeans will take effect from July 6, the ministry said. Soybeans are China's biggest import from the United States by value.The tariffs will also be applied to autos and aquatic products, the ministry said.The list of 659 U.S.
57 Missing After Ships Sink
At least 57 people are missing after two ships sank in high winds in the Taiwan Strait off southeast China, the state news agency said on Friday, according to a report on www.cbc.ca. Xinhua said the first ship, carrying 37 people, struck a reef near coastal Fujian province's Pingtan island late Thursday. The Fujian Maritime Safety Administration says the ship, headed for Indonesia, was fully loaded with aquatic products when strong winds carried it onto the reef. About two hours later, a fishing boat with 27 people sank near Pingtan island. Three people were rescued, but the rest are missing.
