China: New tariffs will be on $60 billion worth of US goods

China has recently announced that the new retaliatory tariffs will be on $60 billion worth of American goods and the rate will range between 5% and 10%. 

Key quotes (via Reuters)

• China hopes US will maintain mutually beneficial trade relationship via dialogue of mutual respect and equality.
• If US insists on raising tariff rates on Chinese goods, China will respond accordingly.
• Chinese new tariffs will be levied on 5,207 us products, unchanged from initial proposal.
• New tariffs on US goods effective at 1201 local house on 24 September,