China will increase tariffs on $60 billion worth of U.S. goods in response to the Trump administration’s decision to ramp up tariffs on $200 billion worth of Chinese goods from 10 to 25 percent, Beijing announced today. According to an announcement from China’s State Council Customs Tariff Commission, 2,493 U.S. products will be subject to a 25 percent tariff, 1,078 products will be hit with a 20 percent tariff and 974 products will be subject to a 10 percent tariff...