Trump Administration Announces $60 Billion in Tariffs on Chinese Imports

This is big.

And with a long list of exemptions for European and other allies, it's looking to be a focused trade war with China.

At the New York Times:

#Trump Hits #China With Stiff Trade Measures. https://t.co/rRh84qFeko

— Donald Douglas (@AmPowerBlog) March 23, 2018

The risk of a trade war is testing China's president. His first response: a threat to retaliate with tariffs on $3 billion in U.S. goods. https://t.co/CGuc4B8B1R

— The New York Times (@nytimes) March 23, 2018

China announced that it would impose tariffs on $3 billion worth of American-produced goods, hours after President Trump imposed tariffs on as much as $60 billion worth of Chinese goods https://t.co/6XAeTtGzq0

— The New York Times (@nytimes) March 23, 2018