<p>China plans to impose new retaliatory tariffs on $75 billion of U.S. imports, ranging from 5-10%. Moreover, Beijing also announced that it will resume a 25% tariff on U.S. cars.</p> <p>The new tariffs are expected to take effect at the same time as the tariffs on $300 billion worth of Chinese products <a href="https://www.theblockcrypto.com/tiny/china-to-levy-new-tariffs-on-75-billion-of-u-s-imports/">proposed</a> by President Trump, Sept. 1 and Dec. 15.</p> <p>U.S. stock futures have since fallen by 1%.</p>