The White House on Tuesday said it was weighing imposing tariffs on a further $200 billion in Chinese products, a move that could expose $450 billion of Chinese goods to U.S. import taxes—or nearly all the $505 billion in exports China sends to the U.S.

While some businesses have supported the tariffs, many have said they would hurt their profits or lead to higher prices for consumers. The White House says China represents a fundamental threat to the U.S. that needs to be countered, even at the cost of pain to the U.S. economy….

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