China Excludes Essential Food Products from Tariff Increase on US Goods

Sprinklers water a wheat crop on May 7, 2008 south of Bakersfield, California. David McNew/Getty Images

China announced on May 13 that it would increase tariffs ranging from 5 to 25 percent on 5,140 U.S. products, worth about $60 billion, as retaliation for a recent U.S. tariff hike on $200 billion of Chinese goods.

Beijing said the new rates would be effective June 1.