China to impose tariffs on $60 billion of US goods

Beijing will impose tariffs ranging from 5%-25% on a number of American goods, according to a statement by China's cabinet. China said that it will impose tariffs on a total of 5,140 US products meaning $60 billion worth of US goods which will start from June 1. The latest round of trade negotiations between the US and China had ended on Friday without a deal.

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