China has released a list of 333 U.S. export lines, worth $16 billion, that will become subject to 25% additional duties. That’s part of the ongoing tit-for-tat tariff battle between the two countries and will take effect from August 23. There were 36 items removed from the draft list led by crude oil ($7 billion of U.S. exports in the 12 months to June 30) and laboratory reagents ($739 million). That was likely done in order to minimize the impact on the Chinese economy. Instead they were replaced by a wide-range of automotive products worth $7 billion, with the largest suppliers in...