The United States and China intensified their trade dispute on Monday, as Beijing said it would increase tariffs on nearly $60 billion worth of American goods and the Trump administration detailed plans to tax nearly every sneaker, computer, dress and handbag that China exports to the United States. The escalation thrust the world’s two largest economies back into a confrontation. While President Trump said on Monday that he would meet with China’s president, Xi Jinping, next month in Japan, the stakes are only increasing as the president continues to taunt and threaten China, causing it to retaliate on American businesses. Financial markets fell on Monday after China detailed plans to increase tariffs, with the S&P 500 index down more than 2.4 percent for the day and […]