China has hit back at President Donald Trump by imposing new trade tariffs on $60bn of American goods.

It comes after the US slapped duties on $200bn of Chinese imports on Monday, escalating its trade war with Beijing.

China will target American goods such as liquefied natural gas, which are produced in states loyal to the US president.

However, in a tweet Mr Trump warned Beijing against seeking to influence the upcoming US midterm elections.

“There will be great and fast economic retaliation against China if our farmers, ranchers and/or industrial workers are targeted!” he said.

Earlier he had suggested that this would mean further US tariffs on another $267bn worth of Chinese products. Such a move would mean roughly all of China’s exports to the US would be subject to new duties.

source:  https://www.dailytrust.com.ng/china-beijing-hits-back-at-trump-with-tariffs-on-60bn-of-us-goods.html