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WASHINGTON — China upped the ante Monday in the ongoing tit-for-tat trade war between the world's top economies.
Beijing said it will raise tariffs on $60 billion in U.S. goods on June 1 in retaliation for President Donald Trump's decision last week to hike duties on Chinese goods. This includes raising tariffs on more than 5,000 U.S. products to as high as 25%, the Chinese Finance Ministry said Monday.
Stocks fell sharply on Monday, with the Dow Jones Industrial Average trading down more than 700 points. The S&P 500 and Nasdaq were headed for their worst day of the year, while the Dow was on pace to post its biggest one-day loss since Jan. 3.
Below is a list of some of the 2,493 U.S. goods that will be subject to a 25% tariff.