In an escalation of the trade war between the world's two largest economies, China announced plans to impose tariffs on $60 billion worth of U.S. goods on Tuesday in retaliation for the U.S. decision to impose tariffs on another $200 billion worth of Chinese products.
The Chinese tariffs, which are due to take effect on September 24th, will range from 5 percent to 10 percent, depending on the product.
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Political News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.