BEIJING (AP) China today announced a tariff hike on $60 billion of U.S. products in response to President Donald Trumps latest duty increase in a dispute over Beijings technology policy.
The announcement followed a warning by an American business group that a downward spiral in their conflict appeared certain following Trumps penalties on $200 billion of Chinese goods.
The Finance Ministry said it was going ahead with plans announced in August for the increases of 10 percent and 5 percent on 5,207 types of U.S. goods. A list released last month included coffee, honey and industrial chemicals.
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