China Imposes Tariffs On U.S. Goods

Credit: Wochit Business
Published on May 13, 2019 - Duration: 00:41s

China Imposes Tariffs On U.S. Goods

According to Reuters, China said on Monday it would impose higher tariffs on a range of U.S. goods, striking back in its trade war with Washington shortly after U.S. President Donald Trump warned it not to retaliate.

China’s finance ministry said it plans to set import tariffs ranging from 5 percent to 25 percent on 5,140 U.S. products on a target list worth about $60 billion.

It said the tariffs will take effect on June 1.

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China Imposes Tariffs On U.S. Goods

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