China Threatens to Impose Tariffs on $60 Billion of U.S. Products

Beijing also moves to rein in the yuan’s rapid depreciation

China has pledged to retaliate against U.S. tariffs in “equal scale and equal strength.” In addition to tariffs, here are three ways Beijing could hit back at Washington. Photo: Getty Images

Lingling Wei

Updated Aug. 3, 2018 9:36 a.m. ET

BEIJING—China said it would slap levies on $60 billion of U.S. products if Washington moves ahead with its tariff threats against Beijing.

In a statement issued late Friday, China’s cabinet said the government is preparing to impose duties at levels of 25%, 20%, 10% and 5% on some 5,207 American goods.

“The implementation date of the taxation...