Times of Islamabad

China to impose tariffs on 60b of US goods from 1st June

China to impose tariffs on 60b of US goods from 1st June

China has announced to impose tariffs on sixty billion dollars of US goods from 1st of next month.

The move comes after Washington’s decision last week to hike its own levies on 200 billion dollars in Chinese imports.

China has raised tariffs on more than 5,000 US products, with the new rates ranging from 5% to 25%.

Meanwhile, President Donald Trump is likely to meet Chinese President Xi Jinping next month as trade war is intensified between two countries.