China announces retaliatory tariffs on $60 bn of US goods

Last Updated: May 15, 2019

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China announces retaliatory tariffs on $60 bn of US goods
15 May 2019 Current Affairs: China raising tariffs on $60bn of US goods after the latest increase in American tariffs on its exports
The move comes after the United States escalated the bitter trade war with a tariff hike on $200bn of Chinese products.
China will impose tariffs on a total of 5,140 US products from June 1,2019
The US will get back to the right track of bilateral trade and economic consultations and meet with China halfway.
The retaliatory measures were announced about an hour after US President Donald Trump tweeted to Chinese President Xi Jinping.
The new penalty duties of 5 percent to 25 percent will affect thousands of US products including batteries, spinach and coffee.

About China
Capital: Beijing
President : Xi Jinping
Vice President: Wang Qishan
Prime Minister: Li Keqiang

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