In a shift toward a harder stance this month, China retaliated against U.S. tariffs with levies of 125% on imports of American goods.

In a shift toward a harder stance this month, China retaliated against U.S. tariffs with levies of 125% on imports of American goods.

In a shift toward a harder stance this month, China retaliated against U.S. tariffs with levies of 125% on imports of American goods.

In a shift toward a harder stance this month, China retaliated against U.S. tariffs with levies of 125% on imports of American goods.

In a shift toward a harder stance this month, China retaliated against U.S. tariffs with levies of 125% on imports of American goods.

In a shift toward a harder stance this month, China retaliated against U.S. tariffs with levies of 125% on imports of American goods.

In a shift toward a harder stance this month, China retaliated against U.S. tariffs with levies of 125% on imports of American goods.

In a shift toward a harder stance this month, China retaliated against U.S. tariffs with levies of 125% on imports of American goods.

In a shift toward a harder stance this month, China retaliated against U.S. tariffs with levies of 125% on imports of American goods.

Chicago Fed president Austan Goolsbee forecasts a potential short-term economic bump from President Trump’s tariffs, followed by a summer drop-off.