China To Impose $60bn Worth Of US Goods From June 1
By Mark Schiefelbein / POOL / AFP
China said Monday it will impose tariffs on $60 billion worth of US goods from June 1, after Washington announced plans to tax almost all Chinese imports to the United States.
Beijing will impose tariffs ranging from 5 per cent to 25 per cent on a number of American goods, according to a statement by the Tariff Policy Commission of the State Council — China’s cabinet.
The latest round of trade negotiations between the world’s top two economies ended Friday without a deal, with US President Donald Trump increasing tariffs on $200 billion worth of Chinese goods to 25 per cent and ordering the start of a process to impose new duties on another $300 billion worth of items.