China retaliated Monday to President Donald Trump’s latest shot in the trade war between the world’s two largest economies. Beijing said it would hike tariffs on $60 billion in U.S. goods to as high as 25%. It follows the Trump administration’s move Friday to hike duties on $200 billion in Chinese goods to 25% from 10%. The economic conflict widens as the two sides struggle to strike a new trade agreement. Trump decided to increase the tariffs following what the U.S. called China’s decision to renege on key parts of a developing deal. Equities markets fell Monday after the Chinese response. China’s tariff increases, ... (full story)