U.S. Hikes Tariffs on $200B of Chinese Goods. China Says It Will Retaliate

May 10, 2019

President Donald Trump boosted tariffs Friday on $200 billion in goods from China and was preparing more in his most dramatic steps yet to extract trade concessions, further roiling financial markets and casting a shadow over the global economy. China immediately said in a statement it is forced to retaliate, though hadn’t specified how as of 3:55 p.m. in Beijing.