China said it would impose higher tariffs on a range of US goods, striking back in its trade war with Washington shortly after US President Donald Trump warned it not to retaliate.
China’s finance ministry said it plans to set import tariffs ranging from 5% to 25% on 5,140 US products on a target list worth about $60 billion. It said the tariffs will take effect on June 1.
The announcement came less than two hours after Trump warned Beijing not to retaliate after China said it “will never surrender to external pressure.”
In a commentary, state television said the effect on the Chinese economy from the US tariffs was “totally controllable.”
