Via RT Business

Beijing has retaliated against Washington’s recent tariffs by imposing export levies targeting $60 billion worth of US goods, effective June 1, China’s Ministry of Finance announced on Monday.

The tariff hike of up to 25 percent will affect more than 5,000 items imported from the US to China.

The step comes in response to the latest hike of export duties the Trump administration implemented on billions of dollars worth of Chinese products. Last week, the White House increased American tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent, previously.

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Earlier, China’s Foreign Ministry said that the country would never surrender to foreign pressure amid renewed threats from Washington to impose tariffs on all Chinese goods.

“China will never surrender to external pressure. We have the confidence and the ability to protect our lawful and legitimate rights,” Foreign Ministry spokesman Geng Shuang told a daily news briefing on Monday.


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