China announces tariff hikes on $60B of US imports

China announces tariff hikes on $60B of US imports
  • Clock-gray 17:29
  • calendar-gray 13 May 2019

China plans to impose tariffs on $60 billion worth of U.S. goods, the finance ministry said on Monday, after the United States escalated a bitter trade war with a tariff hike on $200 billion of Chinese products, ONAreports citing Reuters.

China will impose tariffs on a total of 5,140 U.S. products from June 1, the ministry said in a statement on Monday.

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