BEIJING — The Chinese Ministry of Finance, reacting to the Trump administration's decision to raise import tariffs on some $200 billion worth of goods to 25%, said China intends to levy tariffs on some $60 billion worth of U.S. goods effective June 1.
In a May 13 statement, the Ministry of Finance said the tariffs were in reaction to "U.S. unilateralism and trade protectionism." The U.S. goods targeted include beef, fruits, vegetables, live plants and dyed flowers, and the tariffs will range from 5% to 25%.
China had warned that it would react to the higher U.S. tariffs.
"The escalation of trade friction is not in the interest of the people of the two countries and the people of the world," the Chinese Ministry of Commerce said in a statement May 9.
"If the U.S. tariff measures are implemented, China will have to take necessary countermeasures," the Commerce Ministry said.
The Trump administration originally imposed 10% tariffs on the targeted goods in September 2018. President Trump originally said he would raise those tariffs to 25% Jan. 1, 2019.
He later postponed the increase until March 1, and finally said he would withhold it pending the outcome of U.S.-China trade talks.