https://apnews.com/303a7b27d54940f5a86da03ff79c2da0

WASHINGTON (AP) — The Trump administration is announcing a 25 percent tariff on $50 billion worth of Chinese imports, escalating a trade dispute between the world's two largest economies.

President Donald Trump vowed anew on Friday to clamp down on what he calls China's unfair trade practices. China has said it will retaliate with $50 billion in tariffs, rattling financial markets.