Trade: Trump to hit China with $60B in tariffs

President Trump is preparing this week to impose $60 billion in annual tariffs against Chinese products, said Damian Paletta in The Washington Post. The tariffs are expected to be applied to more than 100 products that Trump contends were “developed by using trade secrets that China stole from U.S. companies.” If implemented, the penalties “would be one of the broadest sets of economic actions imposed by a modern U.S. president against China.” Beijing has suggested it could retaliate by implementing its own tariffs on U.S. agricultural products.