China announced it will take retaliatory tariff action against$60 billion of U.S. goods, sharply escalating the trade conflict asthe Trump administration considers imposing duties on almost allChinese imports.
China's retaliatory tariffs, on items ranging from meat to wheatand textiles, will take effect on Sept. 24, China's Ministry ofFinance said in a statement posted on its website. Beijing is stillready to negotiate an end to the trade tensions with the U.S., theministry said.
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