China announced Friday it will hit United States (US) soybeans, lobsters, peanut butter and other imports worth US$75 billion with new tariffs in retaliation for Washington's planned duty hikes, further intensifying the bruising trade war between the world's top two economies.The punitive tariffs of five to 10 percent will apply to 5,078 items from the US, starting 1 September and 15 December, China's state council tariff office said.Beijing also announced it will reimpose a 25