China said Monday it will raise tariffs on $60 billion worth of US goods from June 1, in retaliation to the latest round of US tariff hikes and Washington’s plans to target almost all Chinese imports. The announcement came after the latest round of US-China trade negotiations ended Friday without a deal, and after Washington increased tariffs on $200 billion worth of Chinese goods. US President Donald Trump had also ordered the start of a process to impose new duties on another $300 billion worth of Chinese items.
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