As expected, China said it would go ahead with a series of new duties on $60 billion worth of American imports, sending the Dow Jones reeling down 600 points after a week of declines as tensions over the trade war escalated. The Chinese government said it would impose tariffs on U.S. imports starting on June 1, with the steepest penalties hitting textile products, certain kinds of beef and coffee, and technology such as microwave ovens, printers and solar batteries. The tariffs would range from 5 percent to 25 percent.

President Trump had earlier threatened to impose tariffs on all remaining Chinese ... Log in to view full article.