Not a surprise, China retaliated with tariffs on USD 60B worth of USA goods

Less than 24 hours after the USA announced the implementation date and rate for the third round of tariffs on USD 200 billion on Chinese imports, the Chinese government comes out with a retaliated plan.

China would levy 5% to 10% on USD 60 billion worth of USA goods importing to the country, with 5,207 individual products affected. The new regulations will also take effect on 24 September 2018 and would increase by next year if the US introduces further tariffs.

With the new round of retaliation now that 85-95% of imports from the USA are facing tariffs in China.