US targets $300B of Chinese goods for new tariff hikes

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US targets $300B of Chinese goods for new tariff hikes
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U.S. officials are targeting a $300 billion list of additional Chinese imports including laptop computers for tariff hikes.

U.S. officials are targeting a $300 billion list of additional Chinese imports including laptop computers for tariff hikes, ratcheting up a trade fight that is shaking financial markets and fueling fears about global economic growth.

Asian stock markets fell Tuesday for a second day amid investor anxiety about the impact of trade tensions on global economic growth. That came after Beijing retaliated for U.S. tariff increases Friday on $200 billion of U.S. goods. China's Finance Ministry announced duties of 5% to 25% due to take effect June 1 on about 5,200 American products, including batteries, spinach and coffee.

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