Economy & Trade

China to raise tariffs on $60 billion of US goods

China is planning to raise tariffs on $60 billion of U.S. goods starting next month in response to President TrumpDonald John TrumpStates fight Trump rollback of Obama lightbulb rules Authorities investigating shooting near Trump resort in Florida Trump: 'China is dreaming' Biden, other Dems get elected MORE increasing tariffs on products from Beijing.

Bloomberg reports the 25 percent tariffs will impact roughly 2,493 U.S. products and will go into effect June 1.

Trump Monday warned China against retaliation after he increased tariffs on $200 billion worth of Chinese goods. The tariffs were implemented Friday.


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