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.
China responds to Trump’s new tariffs, targeting $60 billion in US exports
13 May 2019
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.