China Announces Retaliation Against U.S. Tariff Hikes

China Announces Retaliation Against U.S. Tariff Hikes

The Chinese Finance Ministry made the expected announcement that it would respond to the most recent hike in U.S. tariffs on Chinese imports. China will raise tariff rates on $60 billion in U.S. imports, including agricultural products. The Ministry will boost tariff rates in June on more than 5,000 U.S. products.

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