Trump to move ahead with $200 billion tariffs on China

While speaking to reporters aboard Air Force One, President Trump announced he plans to move ahead with tariffs on $200 billion worth of Chinese goods and threatened further action on another $267 billion if China retaliates, the Washington Post reports.

"Now we’ve added another $200 billion. And I hate to say that, but behind that, there’s another $267 billion ready to go on short notice if I want. That totally changes the equation."

Why it matters: The trade war between the U.S. and China continues to escalate, and could ultimately have serious impacts on American workers.