President Donald Trump threatened to sharply escalate a trade conflict with China, asking his administration to identify $200 billion in imported goods from China to be penalized with tariffs. Trump’s move comes after Beijing announced it would retaliate in kind to planned U.S. tariffs on $50 billion in imports from China. The U.S. president’s latest plans, if carried out, would likely plunge the world’s two biggest economies into a trade war. “Unfortunately, China has determined that it will raise tariffs on $50 billion worth of United States exports,” Trump said in a statement Monday evening, directing U.S. trade ... (full story)