China planning to tax $60 billion worth American goods

Updated:7 years, 3 months ago

New Delhi, Aug 04 (ANI): The Chinese Government has revealed plans to tax over $60 billion worth American goods, unless Washington withdraws sanctions on over $200 billion worth Chinese goods. The United States has announced that it will slap 10 percent tax on Chinese goods. China has listed more than 5,000 products like liquor, wood products, machinery, furniture and auto parts. China has retaliated amid ongoing trade war between two countries. The trade war has hit stock market in US.