China announces retaliatory tariffs on about 130 U.S. goods

China announces retaliatory tariffs on about 130 U.S. goods China announces retaliatory tariffs on about 130 U.S. goods. China has increased tariffs by up to 25% on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a spat between the world’s biggest economies in response to U.S. duties on imports of…