China Hikes Tariffs on Most US Goods in $60 Billion Target List

A cargo ship is seen at a port in Qingdao in eastern China's Shandong Province on Oct. 12, 2018. STR/AFP/Getty Images

BEIJING—China said on May 13 it will adjust tariffs on a revised target list of $60 billion worth of U.S. imports, with additional rates of 20 to 25 percent in retaliation for a U.S. tariff hike on $200 billion worth of Chinese goods.

A total of 5,140 U.S. products will be subject to various tariff rates starting June 1, the finance ministry said in a statement.