The new duties take effect from Sunday, a government notification said, in the latest trade row since US President Donald Trump took office in 2017 vowing to act against countries with which Washington has a large trade deficit.
A tax on all Mexican goods , which would increase every month up to 25 percent under Trump's plan, would have had enormous economic implications for both countries.
US Treasury Secretary Steven Mnuchin and People's Bank of China Governor Yi Gang are due to hold routine talks on various issues and then break away for their discussion on trade amid a row between the world's two largest economies.
Beijing's move hits $60 billion worth of US goods with new punitive tariffs ranging from five to 25 percent, and comes in retaliation for Washington raising punitive tariffs on $200 billion in Chinese goods to 25 percent.
The US president has imposed tariffs on Mexico to punish the country for failing to stop the flow of migrants towards the US border. It’s a tactic he uses frequently to pressure rivals.
Global shares were mostly lower on Friday as trade worries continued after US President Donald Trump announced additional tariffs on imports from Mexico.
Duties levied on aforementioned US products will be reduced from $521.2 million to $260.6 million, trade minister Ruhsar Pekcan says.
US President Donald Trump removes import taxes on Canadian and Mexican steel and aluminum but delays auto tariffs that would have hurt Japan and Europe.
Sending Wall Street into a slide, China announced higher tariffs on $60 billion worth of American goods in retaliation for President Donald Trump's latest penalties on Chinese products. Earlier, stocks also fell in Europe and Asia.
China's foreign ministry had earlier said the country will never surrender to external pressure after Washington renewed threat to impose tariffs on all Chinese imports in an escalating trade dispute.
Trade talks between the US and China end without a deal, but negotiators from both sides say they held "constructive" talks that went "fairly well" after the US raised tariffs on $200 billion in Chinese goods and Beijing promised to retaliate.
The talks were thrown into disarray this week after top US trade negotiator Robert Lighthizer and Treasury Secretary Steven Mnuchin accused the Chinese of reneging on commitments they made earlier.
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