The Presidential Daily Brief

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    Trump Administration Floats $100 Billion in New China Tariffs

    As the trade war between the world’s two largest economies escalates, the White House has instructed officials to consider billions in additional taxes on Chinese products. President Trump says it’s due to “China’s unfair retaliation” against Washington’s $50 billion in tariffs over alleged Chinese intellectual property abuse, which China countered with its own $50 billion list of American products to tax. On Friday, Beijing pledged to respond again if necessary — though further actions may impact both global markets and China-facilitated talks between the U.S. and North Korea next month.

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