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The Latest: US targets $300B in Chinese goods for tariffs

May 14, 2019 GMT

WASHINGTON (AP) — The Latest on standoff between the two largest economies in the world as they trade retaliatory tariffs. (all times local):

11:29 a.m.

U.S. officials targeted $300 billion in additional goods from Chinese goods for possible tariff hikes while Beijing vowed to “fight to the finish.”

Global markets stabilized Tuesday but did not fully recover from a widespread sell-off that began the week as risks to global economic growth escalated.

The U.S. Trade Representative’s Office issued its target list after Beijing announced tariff hikes Monday on $60 billion of American goods in their spiraling dispute over Chinese technology ambitions and other irritants. China was reacting to President Donald Trump’s surprise decision last week to impose punitive duties on $200 billion of imports from China.