TRUMP ESCALATES CHINA TRADE WAR
The trade war between the U.S. and China is intensifying, as the world's two biggest economies pile ever more taxes on each other's products.
The U.S. is scheduled to slap tariffs on $200 billion in Chinese imports on Monday, adding to the more than $50 billion worth that already face U.S. import taxes.
China has vowed to counterpunch with tariffs on $60 billion in U.S. goods.
President Donald Trump has threatened to up the ante by taxing just about everything China ships to the United States. The two countries are locked in combat over Trump's allegations that Beijing pilfers foreign trade secrets and forces U.S. companies to hand over technology in return for access to the Chinese market.
The Americans and Chinese haven't held high-level talks since June, raising doubts about whether a resolution can be reached anytime soon.