The Chinese government said Tuesday it plans to impose new tariffs on $60 billion in U.S. exports, prompting President Trump to reiterate a threat to punch back by hitting Chinese goods worth more than four times that much.
Beijing also weighed whether to stick with plans for upcoming bilateral talks aimed at easing the conflict of retaliation and counter-retaliation, escalated by Mr. Trump’s Monday announcement of new import taxes on $200 billion in Chinese goods.