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May 13, 2019, 9:19 a.m. EDT

China says it’s raising tariffs on U.S. imports

Starting June 1, China will raise tariffs to as high as 25% on about $60 billion worth of U.S. imports

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By Chao Deng


Robert Schroeder/MarketWatch
Chinese Vice Premier Liu He is greeted by Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer on Friday in Washington.

China said it would raise tariffs on roughly $60 billion worth of U.S. imports, in response to the U.S. increasing tariffs on $200 billion worth of Chinese goods.

Starting from June 1, China will raise tariffs to as high as 25% on products it currently taxes at 5% to 10%, the State Council said in a statement late Monday Beijing time. The move comes after the U.S. raised punitive tariffs to 25% from 10% for $200 billion in goods leaving China last Friday and thereafter. It also comes as the U.S. is expected to release details on fresh levies for more than $300 billion worth of everything else China sells to the U.S.

Beijing had threatened last week to retaliate.

China is raising tariffs on a swath of roughly 5,000 products. Goods that China will charge at 25% include animal products, frozen fruits and vegetables, and seasonings. Goods it will charge at 20% include baking condiments, chemicals and vodka.

Similar to the higher U.S. tariffs, China’s won’t hit goods in transit now. The tariffs affect products leaving U.S. shores on June 1 and thereafter, potentially giving the two countries time to negotiate a trade deal.

An expanded version of this story appears at WSJ.com .

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