Markets Scramble, Dow Jones Plunges as China Doubles Down on $60B in Tariffs

Markets Scramble, Dow Jones Plunges as China Doubles Down on $60B in Tariffs

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The US-China trade war escalated sharply Monday as Beijing said it would raise tariffs on $60 billion in American goods, defying warnings from US President Donald Trump and sparking a global market sell-off. China’s ministry of finance said it was increasing levies on goods ranging from liquefied natural gas to frozen spinach and toothpaste, in “response to US unilateralism and trade protectionism” — its characterization of the Trump administration’s move last Friday to increase tariffs on $200 ... See More

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