(Bloomberg) -- The trade war between the world's two biggest economies is taking on a life of its own, settling into a regular rhythm of counterblows. The latest shot came Friday, when China released a list of an additional $60 billion of U.S. goods that Beijing intends to hit with tariffs in retaliation for the Trump administration's plan to impose duties on $200 billion in Chinese imports. While the Chinese threat isn't proportional in absolute dollars, it's actually an escalation on a relative basis, given that China buys less from the U.S.
To contact the reporters on this story: Andrew Mayeda in Washington at amayeda@bloomberg.net;Jeremy Lin in New York at jlin490@bloomberg.net
To contact the editors responsible for this story: Sophie Caronello at scaronello@bloomberg.net, ;Brendan Murray at brmurray@bloomberg.net, Sarah McGregor
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