Trump threatens to raise tariffs on China if it doesn’t withdraw retaliation

President Trump on Monday said he would hike a recently announced 34 percent tariff increase on Chinese goods to 50 percent if China does not scrap its promised 34 percent tariffs on U.S. products. The administration last week rolled out a new tariff regime , set to take full effect on Wednesday, that includes new 34 percent tariffs on Chinese goods, in addition to the 20 percent tariff those goods are already facing for what the administration claims are fentanyl...