President Trump boosted tariffs Friday on $200 billion in goods from China and was preparing more in his most dramatic steps yet to extract trade concessions, saying there’s “no need to rush” a deal even though the uncertainty is roiling markets and clouding the global economy, reports Bloomberg.
China said it will be forced to retaliate, though the government hadn’t specified how as of 6:45 p.m. in Beijing.
Negotiations are due to resume Friday morning Washington time.
