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President Trump speaks to business leaders in Beijing, China. Photo: Thomas Peter-Pool/Getty Images

President Trump announced in a statement Monday night that, in addition to the administration's recently-announced tariffs on $50 billion worth of imports from China, he has also directed the United States Trade Representative "to identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent."

Why it matters: Trump initially warned China against retaliating to his administration's latest round of sanctions, but China ignored it and imposed their own tariffs of equal measure. This latest threat is Trump's second warning, in which he clearly states: "these tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced."

The bottom line: The back-and-forth tariff fight between the U.S. and China is increasingly looking like a trade war.

Key lines from Trump's statement:

  • "China has determined that it will raise tariffs on $50 billion worth of United States exports.  China apparently has no intention of changing its unfair practices."
  • "This latest action by China clearly indicates its determination to keep the United States at a permanent and unfair disadvantage, which is reflected in our massive $376 billion trade imbalance in goods.  This is unacceptable."
  • "[T]oday, I directed the United States Trade Representative to identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent.  After the legal process is complete, these tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced."
  • "If China increases its tariffs yet again, we will meet that action by pursuing additional tariffs on another $200 billion of goods.  The trade relationship between the United States and China must be much more equitable."

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Scotland's First Minister and leader of the Scottish National Party, Nicola Sturgeon, reacts after being declared the winner of the Glasgow Southside seat at Glasgow counting centre in the Emirates Arena in Glasgow on Friday. Photo: Andy Buchanan /AFP via Getty Images

Scotland's First Minister Nicola Sturgeon announced plans Saturday for a second independence referendum once the pandemic has abated following the country's parliamentary elections.

The big picture: Sturgeon's Scottish National Party won 64 seats, one seat short of an outright majority in the 129-seat Parliament. But most seats went to pro-independence parties.

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Why it matters: The country has recorded more than 21.8 million coronavirus cases and 238,270 deaths since the pandemic began. The true numbers, however, are likely much higher, experts say, as the country battles a continued surge in cases that has left hospitals and health workers overwhelmed.

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