China hits back with new tariffs, bans 10 U.S. firms

China will impose additional tariffs on some products imported from the United States, effective March 10, the Customs Tariff Commission of the State Council said Tuesday.

An additional 15-percent tariff will be applied to imported chicken, wheat, corn and cotton from the United States, according to a statement from the commission.

Sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables and dairy products will be subject to an additional 10-percent tariff.

The statement comes after the U.S. imposed an additional 10-percent tariff on products imported from China, effective March 4.

The unilateral imposition of tariffs by the United States undermines the multilateral trading system, increases the burden on American businesses and consumers, and erodes the foundation of China-U.S. economic and trade cooperation, the commission said in the statement.

Meanwhile, China decided on Tuesday to add 10 U.S. firms, including TCOM, Limited Partnership, to the country's unreliable entity list and take corresponding measures against them, according to a statement released by the Ministry of Commerce.

From Tuesday on, China will prohibit the aforementioned companies from engaging in import and export activities related to China, and these companies will also be banned from making new investments within the country, the statement added.

The decision was made to maintain national sovereignty, security and development interests, and in accordance with relevant laws and regulations, the statement noted.

(With input from Xinhua)