White House document: the US will tax imports of items priced up to $800 at the rate of 90% of their value, up from a planned 30%, targeting Chinese retailers (Karthikeyan Sundaram/Bloomberg)

Karthikeyan Sundaram / Bloomberg:
White House document: the US will tax imports of items priced up to $800 at the rate of 90% of their value, up from a planned 30%, targeting Chinese retailers  —  The escalating trade war between the US and China saw President Donald Trump raise tariffs even further on small parcels that were until now exempt from taxes.