Trade war: China unveils retaliatory tariffs on $60 billion of US goods in latest salvo
The Trump administration ratcheted up pressure for trade concessions from Beijing this week by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports. China immediately vowed to retaliate though at the same time urged the U.S. to act rationally and return to talks to resolve the dispute.
Representatives for the White House and the U.S. Commerce Department did not immediately reply to a request for comment on China’s retaliatory move. Image source: Reuters