BBC News - The US has imposed fresh tariffs on $112bn (£92bn) of Chinese imported goods such as shoes, nappies and food.
The new tariffs are a sharp escalation in the bruising trade war, and could cost households $800 a year.
The move is the first phase of US President Donald Trump's latest plan to place 15% duties on $300bn of Chinese imports by the end of the year.
In response, Beijing introduced tariffs on US crude oil, the first time fuel has been targeted.
If fully imposed, Mr Trump's programme would mean that nearly all Chinese imports - worth about $550bn - would be subject to punitive tariffs.
What is expected on 1 September?
The US is due to impose a 15% tariff on $300bn worth of Chinese goods by the end of the year in two rounds.
The first round of duties comes into force from 1 September and analysts expect those tariffs will target imports worth about $150bn.
The Office of the United States Trade Representative would not clarify the value of goods due to be hit with tariffs this month.
Products to be targeted in September range from meat and cheese to pens and footwear.
The 15% rate supersedes the 10% originally planned and was announced last week as tensions between the two sides escalated.
China has retaliated with a 5% levy on crude oil, along with measures targeting $75bn of US goods.
The measures included extra tariffs of 5% and 10% on nearly 1,717 targeted products.
FOX News - Despite multiple indications last month of a possible breakthrough in trade negotiations, the United States and China went ahead with their latest tariff increases on each other's goods Sunday, potentially raising prices Americans pay for some clothes, shoes, sporting goods and other consumer items in advance of the holiday shopping season.
The 15 percent U.S. taxes apply to about $112 billion of Chinese imports. All told, more than two-thirds of the consumer goods the United States imports from China now face higher taxes. The administration had largely avoided hitting consumer items in its earlier rounds of tariff hikes.
But with prices of many retail goods now likely to rise, the Trump administration's move threatens the U.S. economy's main driver: consumer spending. As businesses pull back on investment spending and exports slow in the face of weak global growth, American shoppers have been a key bright spot for the economy.
Even more tariffs loom on the horizon. On Dec. 15, the Trump administration is scheduled to impose a second round of 15 percent tariffs — this time on roughly $160 billion of imports. If those duties take effect, virtually all goods imported from China will be covered, including all major Apple products.
A study by J.P. Morgan found that Trump's tariffs will cost the average U.S. household $1,000 a year. That study was done before Trump raised the Sept. 1 and Dec. 15 tariffs to 15 percent from 10 percent.
That cost could weaken an already slowing U.S. economy. Though consumer spending grew last quarter at its fastest pace in five years, the overall economy expanded at a modest 2 percent annual rate, down from a 3.1 percent rate in the first three months of the year.
The economy is widely expected to slow further in the months ahead as income growth slows, businesses delay expansions and higher prices from tariffs depress consumer spending. Companies have already reduced investment spending, and exports have dropped against a backdrop of slower global growth.
Reference: BBC, Fox News
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