Source: NY TIMES 6/18/18

President Trump further escalated his trade fight with China on Monday, saying his administration was prepared to impose tariffs on another $200 billion worth of Chinese goods and potentially even more if Beijing continues to fight back. Mr. Trump’s threat, in response to retaliatory measures by China, was the latest volley in a dizzying trade dispute that has pitted the world’s two largest economies against each other and resulted in a seemingly endless game of one-upsmanship. The president called it punishment for what he said was an attempt by Beijing to keep the United States “at a permanent and unfair disadvantage.”

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