WASHINGTON/BEIJING/TOKYO -- The U.S. slapped additional tariffs on Chinese goods on Friday even as the two sides agreed to keep talking, raising fears that the global economy will suffer.
The tariffs, which were lifted to 25% from 10%, apply to more than 5,700 categories of Chinese imports worth around $200 billion. Many consumer products, such as food and electric appliances, will be hit. The higher duties may push prices up, denting U.S. consumer spending.
