Trump’s trade war with China just got a whole lot bigger
(CNN)The trade fight between the United States and China intensified Monday as the two economic superpowers hit each other with their biggest round of tariffs yet.
The Trump administration imposed new 10% tariffs on $200 billion of Chinese goods just after midnight ET (noon in Beijing), spanning thousands of products, including food seasonings, baseball gloves, network routers and industrial machinery parts. China retaliated immediately with new taxes of 5% to 10% on $60 billion of US goods such as meat, chemicals, clothes and auto parts.
The moves are a significant escalation in the growing conflict between the world’s top two economies.
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