A day after President Donald Trump proposed additional tariffs against Chinese imports, Beijing replied with a willingness to retaliate further.
A month ago President Trump announced tariffs on aluminium and steel imports, but another $50 billion in tariffs on Chinese goods have been also imposed.
In return, China's government announced $50 billion of tariffs on 106 imported American goods.
But in the latest tit-for-tat, Trump has upped the ante by another $100 billion.