Trade war: China plans to impose tariffs on US goods worth USD 60 bln

China plans to impose tariffs on $60 billion worth of U.S. goods, the finance ministry said on Monday, after the United States escalated a bitter trade war with a tariff hike on $200 billion of Chinese products. China will impose tariffs on a total of 5,140 U.S. products from June 1, the ministry said in a statement on Monday.