China hits back at Trump with tariffs on $60bn of US goods

Humayun Kabir China has hit back at President Donald Trump by imposing tariffs on American products worth $60 billion next week.
It comes after the US slapped duties on $200bn of Chinese imports on Monday, escalating its trade war with Beijing, reports BBC.
“There will be great and fast economic retaliation against China if our farmers, ranchers and/or industrial workers are targeted!” in a tweet Trump warned Beijing.
Earlier, he had suggested that this would mean further US tariffs on another $267bn worth of Chinese products.
The Chinese commerce ministry said it would impose its tariffs from 24 September – the date the US duties come into effect – but at lower rates than previously expected.
By contrast, the US duties will apply to almost 6,000 items, making them the biggest round of trade tariffs yet from Washington.
They will affect handbags, rice and textiles, although some items such as smart watches and high chairs have been exempted.
This latest round means that about half of all Chinese imports to the US are now subject to the new duties.