As the trade war between the U.S. and China intensifies, with an increase in tariffs on some $200 billion worth of Chinese goods from 10 percent to 25 percent and with another $300 billion worth of Chinese goods in the cross-hairs, Beijing has vowed to retaliate. On Monday, it announced it will increase tariffs imposed on about $60 billion of U.S. goods in retaliation for what it sees as President Donald Trump’s latest escalation of the trade war. The increased tariffs will take effect on June 1, according to a statement on China’s…
