Economics
China Announces Tariff Retaliation to Take Effect on June 1
- List increases duties on around $60b of U.S. imports
- Auto parts remain exempted after removal from lists last year
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China announced that it will increase tariffs imposed on about $60 billion of U.S. goods in retaliation for President Donald Trump’s latest escalation of the trade war.
The tariffs will take effect on June 1, according to a statement on the Ministry of Finance’s website on Monday. The charges will thereby be raised on most of the goods listed on a previous retaliation list effective last September.