Commercial warfare escalates: China hits American goods with 60 billion tax

China has returned the blow to the United States in the trade war, announcing a plan that will impose a 60 billion-dollar fee on the country's imports with the strongest economy in the world.

The tariffs will be introduced over 5140 American products since June 1st, the finance minister announced on Monday, the Guardian reports, translates Periscopi.

The recent escalation of trade war between the world's two strongest economies came shortly after a blogging post by Donald Trump that threatened China not to take over additional fees imposed by the US on their goods.

However, Beijing has ignored the American president and his threat that the escalation of trade war between the country's two largest economies “would make the situation worse! ”

On Monday, the American president had said that China “would suffer a lot of harm if they decided not to make deals with the US. /Periscope