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Business Highlights

___ Trade war escalates as China announces tariffs on US imports BEIJING (AP) — China announces retaliatory tax increases on $60 billion worth of U.S. imports, including coffee, honey and industrial chemicals.

Business Highlights

___ As midterms near, Trump gambles on his hardline trade policy WASHINGTON (AP) — By any conventional gauge, President Donald Trump's uncompromising stance toward tariffs and the pain they've begun to cause U.S. individuals and companies so close to midterm elections would seem politically reckless.

Renewed US tariff fears stalk global stock markets

Global markets were mostly lower Monday following reports that President Donald Trump will place tariffs on $200 billion more in Chinese goods, despite a possible meeting to iron out tensions between the world's two largest economies.