China Says It Will Retaliate with Tariffs on $60 Billion in US Goods

(From CNBC)

China is preparing to retaliate in the escalating trade war with tariffs on about $60 billion worth of U.S. goods.

The import taxes would range in rates from 5 percent to 25 percent, China’s Ministry of Commerce said in a release on its website. There are four lists of goods, one for each of the rates proposed. Many of the goods are agricultural-related, with others on various metals and chemicals.

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