Alva Review-Courier -

China announces $60B of US goods for tariff retaliation

 

August 3, 2018



BEIJING (AP) — China said Friday it is poised to impose retaliatory tariffs on $60 billion worth of U.S. imports, including coffee, honey and industrial chemicals, if Washington goes ahead with its latest trade threat.

China's Finance Ministry accused the Trump administration of damaging the global economy after the U.S. proposed increasing 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 between 5 and 25 percent will be imposed on 5,207 products "if...



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