The new tariffs of 5% or 10% would go into effect if the U.S. follows through on its threat to impose 10% tariffs in Sep. and Dec., signaling that neither side is backing down on the current trade war. The tariffs would be on U.S. agricultural products, crude oil and cars, aiming at three key constituencies of President Trump. Trump later said he would respond to China’s latest move, suggesting that the tit-for-tat was not over. That came as Federal Reserve chairman Jerome Powell made remarks suggesting that the central bank could only do so much with interest rates to ... Log in to view full article.