China announces tariff retaliation to take effect on June 1

CHINA ANNOUNCED that it will impose retaliatory tariffs effective June 1, following the Trump administration's enactment of a 25% punitive tariff on thousands of Chinese products. / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN
CHINA ANNOUNCED that it will impose retaliatory tariffs effective June 1, following the Trump administration's enactment of a 25% punitive tariff on thousands of Chinese products. / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN
NEW YORK – China announced that it will impose additional tariffs on some American goods in retaliation for the latest increase of United States duties on $200 billion of Chinese imports. The tariffs will take effect on June 1, according to a statement on the Ministry of Finance’s website on Monday. The tariffs will be…

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