trade war

The Finance Ministry said Monday the new penalty duties of 5% to 25% on hundreds of U.S. products including batteries, spinach and coffee will take effect June 1.

Russia says it has raised tariffs on some U.S. imports in response to the U.S. move to impose tariffs on foreign steel and aluminum.

The United States and China hiked tariffs Friday on billions of dollars of each other's goods, launching what Beijing called the "biggest trade war in economic history" in a spiraling dispute over technology.