China To Raise Tariffs On $60 Billion Of U.S. Goods, Escalating Trade War

A container ship sits docked at the Port of Oakland on May 13, 2019 in Oakland, California. China retaliated to U.S. President Donald Trump's 25 percent tariffs on $250 billion of Chinese goods entering the United States with a 25 percent tariff on $60 billion of U.S. goods entering China. The Dow Jones Industrial Average plunged over 700 points on the news in morning trading. (Footage by Justin Sullivan/Getty Images)