NPR: China Puts New Tariffs On $60 Billion Of U.S. Goods, And Stock Prices Reel

U.S. stocks fell sharply Monday after China retaliated for President Trump's latest round of tariffs. Here, a trader works on the floor at the New York Stock Exchange as a TV shows the state of the market. Brendan McDermid/Reuters

May 13, 20193:39 AM ET

Source: NPR

Summary
China Puts New Tariffs On $60 Billion Of U.S. Goods, And Stock Prices Reel
Article Name
China Puts New Tariffs On $60 Billion Of U.S. Goods, And Stock Prices Reel
Description
China is imposing new retaliatory tariffs on $60 billion worth of U.S. goods, days after the Trump administration said it would impose higher tariffs on $200 billion in Chinese goods. The latest tit-for-tat exchange comes as trade talks have failed to yield a deal.