China announced it will take retaliatory tariff action against $60 billion of U.S. goods, sharply escalating the trade conflict as the Trump administration considers imposing duties on almost all Chinese imports.
China's retaliatory tariffs, on items ranging from meat to wheat and textiles, will take effect on Sept. 24, China's Ministry of Finance said in a statement posted on its website. Beijing is still ready to negotiate an end to the trade tensions with the U.S., the ministry said.
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