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China threatens U.S. with $60B in tariffs on coffee, honey

Coffee cup and beans.
Coffee cup and beans. File Photo

China’s government has announced a US$60 billion list of American goods including coffee, honey and industrial chemicals for retaliation if Washington goes ahead with its latest tariff threat.

The Finance Ministry on Friday accused the Trump administration of damaging the global economy after it proposed imposing 25 per cent duties on $200 billion of Chinese products in a dispute over Beijing’s technology policy.

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Click to play video: 'Trump’s ‘Keep America Great!’ flags may bear the brunt of tariffs' Trump’s ‘Keep America Great!’ flags may bear the brunt of tariffs
Trump’s ‘Keep America Great!’ flags may bear the brunt of tariffs – Jul 25, 2018

A ministry statement said, “China is forced to take countermeasures.”

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READ MORE: China says U.S. has launched ‘largest-scale trade war in economic history’ as tariffs take hold

Washington imposed 25 per cent duties on $34 billion of Chinese goods on July 6. Beijing responded by imposing similar charges on the same amount of U.S. products.

READ MORE: Trump administration plans to hike tariffs on Chinese products from 10 to 25 per cent

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