China Retaliates With Tariffs on $60 Billion of American Goods, Apparel Stocks Fall

Trade tensions between the U.S. and China escalated on Monday as China made good on its promise of retaliation, hiking tariffs to 25 percent on $60 billion of U.S. goods imported to the country beginning on June 1. China’s decision to hike tariffs came in response to U.S. President Donald Trump’s move on Friday to…