The Trump administration is rushing to finalize a list of $300 billion in Chinese imports it plans to hit with tariffs in a few weeks’ time, as U.S. companies make a last-ditch appeal to be spared from the latest round of duties.

China responded to President Donald Trump’s tariff threat with another escalation of the trade war Aug. 5, asking state-owned companies to suspend imports of U.S. agricultural products.

President Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on $300 billion in Chinese imports that aren’t yet subject to U.S. duties after setbacks in negotiations with Beijing.

The U.S. Department of Agriculture is preparing to roll out an additional $16 billion in aid to farmers hurt by the Trump administration’s trade war with China, with payments to begin next month.

The World Trade Organization on July 16 delivered a mixed judgment over America’s sanctions on subsidized goods produced by Chinese state-owned enterprises.

BEIJING — China’s economic growth sank to its lowest level in at least 26 years in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington.

President Donald Trump complained that China hasn’t increased its purchases of American farm products, a promise he said he had secured at a meeting with the country’s president, Xi Jinping, at the Group of 20 summit last month.

The U.S. budget deficit widened by 23% to $747.1 billion in the first nine months of the fiscal year, as rising spending eclipsed a small bump in revenue from the Trump administration’s tariffs.

President Donald Trump’s tariffs on foreign steel have sped the decline of some of the U.S. mills he vowed to help.

The U.S. added more European Union products to a list of goods it could hit with retaliatory tariffs in a long-running trans-Atlantic subsidy dispute between Boeing Co. and Airbus SE.