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China to Hike Tariffs on $60 Billion in US Goods

China to hike tariffs on $60 billion in US goods Photo: MGN Online. China to hike tariffs on $60 billion in US goods

May 13, 2019 08:55 AM

BEIJING (AP) - China has announced it is raising tariffs on $60 billion in U.S. goods in retaliation for the latest penalties on its exports announced by the Trump administration.
    
The Finance Ministry said Monday the penalty duties of 5% to 25% on hundreds of U.S. products including batteries, spinach and coffee take effect June 1.
    
That followed Trump's increase Friday of duties on $200 billion of Chinese imports from 10% to 25% in a dispute over Beijing's technology ambitions and trade surplus.

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(Copyright 2019 by The Associated Press. All Rights Reserved.)

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