10 things you need to know today: April 6, 2018

Trump considers tariffs on another $100 billion in Chinese goods, South Korea's former president gets 24 years for corruption, and more

South Korea's ex-president sentenced to 24 years for corruption.
(Image credit: AP Photo/Lee Jin-man)

1. Trump considers tariffs on another $100 billion in Chinese imports

President Trump on Thursday said he ordered the U.S. trade representative to look into imposing tariffs on another $100 billion in Chinese imports. Trump said he made the decision in response to China's "unfair retaliation" against new import duties imposed by his administration. "Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers," Trump said. A Chinese official said Beijing would "definitely fight back." Futures for the main U.S. stock indexes dropped by about 1 percent early Friday as the trade war intensified. China on Wednesday announced it would raise tariffs to up to 25 percent on $50 billion worth of U.S. products, including soybeans, after the U.S. unveiled similar levies on $50 billion worth of Chinese goods.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.