CHINA — China announced a $60 billion list of U.S. goods including coffee, honey and industrial chemicals for retaliation if Washington goes ahead with its latest tariff threat, reported the Los Angeles Times.
The Finance Ministry accused the Trump administration of damaging the global economy after it proposed hiking duties on $200 billion of Chinese goods in the second round of a dispute over technology.
“China is forced to take countermeasures,” said a ministry statement. It said retaliatory duties of 25%, 20%, 10% or 5% on 5,207 products will be imposed “if the U.S. side persists in putting its tariff measures into effect.”
Read the full article in the Los Angeles Times.