Trade row deepens as China ups tariffs on $60 bn of US imports3 min read . Updated: 14 May 2019, 01:08 AM IST
- China’s finance ministry said the new penalty duties of 5% to 25% on several US products will take effect on 1 June
- The new tariffs may hurt US and Chinese exporters, besides European and Asian firms that trade with the nations
BEIJING : Deepening a trade battle and sending financial markets spinning, China announced on Monday it was raising tariffs on $60 billion of US goods in retaliation for the latest hike in US tariffs on its exports.
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