WASHINGTON — The United States and China have been trading punches over trade for months. And the slugfest has only intensified this month.
Claiming that the Chinese had reneged on earlier commitments in trade negotiations, the United States on May 10 more than doubled tariffs on $200 billion in Chinese goods. Beijing lashed back by raising tariffs on $60 billion worth of American imports.
And on Monday the United States spelled out plans to impose 25% tariffs on the $300 billion or so of Chinese stuff it hasn’t already targeted — items ranging from sneakers to door chimes.
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