Beijing has retaliated against Washington’s recent tariffs by imposing export levies targeting $60 billion worth of US goods, effective June 1, China’s Ministry of Finance announced on Monday.
The tariff hike of up to 25 percent will affect more than 5,000 items imported from the US to China.
The step comes in response to the latest hike of export duties the Trump administration implemented on billions of dollars worth of Chinese products. Last week, the White House increased American tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent, previously.
Read more HERE
Ask me anything
Explore related questions
