Economy China to impose tariffs on $60 billion of US goods Updated : May 13, 2019 06:59 PM IST China's finance ministry said it plans to set import tariffs ranging from 5 percent to 25 percent on 5,140 US products on a target list worth about $60 billion The announcement came less than two hours after Trump warned Beijing not to retaliate after China said it "will never surrender to external pressure." Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.