China Threatens Tariffs on $60 Billion in US Goods

• China Threatens Tariffs on $60 Billion in US Goods
  by https://www.rt.com/
  Beijing has announced plans to slap import taxes targeting 5,207 American products worth $60 billion in retaliation to trade tariffs on Chinese goods imposed by the US. The tariffs would range from 5 percent to 25 percent.
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  “The implementation date of the taxation measures will be subject to the actions of the US, and China reserves the right to continue to introduce other countermeasures,” the Chinese government press release stated. “Any unilateral threat or blackmail will only lead to intensification of conflicts and damage to the interests of all parties.”
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  According to China’s Ministry of Commerce, the measure will come into force immediately if Washington starts to impose taxes on Chinese imports.

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