Trump ramps up trade war

President Donald Trump on Monday  directed his administration to identify $200 billion worth of Chinese goods that will be subject to additional tariffs, escalating an ongoing trade war between the U.S. and China.

The president announced Friday that the U.S. would impose 25 percent tariffs on $50 billion in Chinese goods. Beijing responded with reciprocal tariffs on U.S. products.

Trump declared Monday that “further action must be taken to encourage China to change its unfair practices.” As a result, he asked his trade representative, Robert Lighthizer, to identify $200 billion worth of Chinese goods that would be taxed at a rate of 10 percent.

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