China announces retaliatory tariffs on US goods

BEIJING (AP) — China says it will increase tariffs on $60 billion worth of U.S. goods in retaliation after President Donald Trump announced new U.S. tariffs on $200 billion worth of Chinese imports.

It’s the latest volley in the trade war between the two countries, and an American business group is warning that a downward spiral in the conflict appears certain.

China’s Finance Ministry says it is going ahead with plans announced in August for increases of 10 percent and 5 percent on 5,207 types of U.S. goods. A list released last month included coffee, honey and industrial chemicals.