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China weighs additional tariffs on $60 billion worth of U.S. goods

August 03, 2018 at 9:41 AM
China is considering hiking tariffs on $60 billion worth of U.S. goods in response to President Trump’s decision to seek higher tariffs on $200 billion worth of Chinese products. Trump on Wednesday directed the U.S. Trade Representative to consider 25 percent tariffs on a list of Chinese goods previously identified as targets for 10 percent tariffs. Lawmakers and business groups reacted by calling for multilateral pressure on China and negotiations with Beijing. China’s Ministry of Finance on Friday published four...

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