Speed Reads
That escalated quickly
Trump considering hitting China with an additional $100 billion in tariffs
President Trump announced Thursday that he is contemplating imposing an additional $100 billion in tariffs against China, piling on to the $50 billion already authorized by the White House.
Trump said the increase is in response to China's decision to raise import duties on U.S. products, including soybeans and pork, by up to 25 percent, which he called an "unfair retaliation" against the U.S. "Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers," Trump said. He has accused China of stealing U.S. intellectual property, and already applied tariffs to Chinese steel and aluminum.