BEIJING/NEW YORK -- China's plan to raise retaliatory tariffs on $60 billion of U.S. products next month aims to pile more political pressure on U.S. President Donald Trump, but it underscores Beijing's lack of options as Washington prepares its next salvo in the trade war.
Duties on about 5,200 American items will rise from 5-10% to between 10% and 25% as of June 1. The top rate of 25% will be levied on 2,493 items, including liquefied natural gas, lumber, wine and nuts. The move comes in response to the U.S. raising a 10% tariff on $200 billion in Chinese goods to 25% this month.
