China’s retaliatory tariffs on US goods comes into effect: Report

China’s retaliatory tariffs on US goods have come into effect, its embassy in Washington said in a statement on Sunday, the Financial Times reported.

The tariffs will hit $14 billion worth of goods and hopes to avoid trade war escalation between the largest two economies of the world.

The tariffs were imposed on a range of goods, including LNG, crude oil, coal, farm equipment and other items. The announcement by Beijing came immediately after President Donald Trump said US government will impose a 10 percent tariff on all Chinese goods, reigniting the trade war between the two rivals.

Beijing had also announced an investigation into Google by an anti-monopoly regulator in an apparent retaliatory move.